Honduran officials announced on April 8 that the country will now accept Bitcoin (BTC) as legal tender but only in the special economic zone called Honduras Prospera.
As reported by CryptoSlate in late March, the Central American country of Honduras had signaled its intent to adopt Bitcoin as legal tender. At the time, President Xiomara Castro said neighboring El Salvador could not be the only country to free itself from dollar hegemony.
The announcement is a win for cryptocurrency adoption. However, it remains to be seen whether Honduras will expand the law beyond its special economic zone to the rest of the country.
What is Honduras Prospera?
Honduras Prospera was established in 2020 as an economic development hub to attract investment and entrepreneurial opportunities.
Located on the island of Roatán, about 65 kilometers off the northern coast of Honduras, it boasts a tropical climate and a burgeoning infrastructure with plans to turn the area into a futuristic enterprise paradis
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