The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022.
Prospera Adopts Bitcoin as Unit of Account
The city of Propera has taken the first steps for the development of a pure bitcoin-based economy. The zone announced it approved using bitcoin as a unit of account on January 5, allowing for prices and taxes to be denominated and paid using bitcoin.
Jorge Colindres, General Secretary of Prospera, supported this decision. He stated:
At Prospera, we believe in the right to financial freedom and monetary freedom. People should be free to carry out transactions, do their accounting, and report taxes in the currency of their free choice.
Adopting BTC as a unit of account brings possibilities for establishing a bitcoin circular economy in the city, given that BTC ha
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