It was accepted without a single dissenting vote and is now officially in force.
The resolution stated that crypto might be used for fraud since they are not regulated.
A resolution prohibiting financial institutions in Honduras from dealing with cryptocurrency was issued by the National Banking and Securities Commission of Honduras (CNBS). Due to the lack of regulation, the Honduran central bank said that it is unable to guarantee cryptocurrency transactions.
Users of blockchain-based financial services and cryptocurrencies may be at risk of fraud, operational risks, and legal action, according to the resolution. People are not obligated to use or transact with them, and their acceptance could end at any moment.
Now Officially in Force
The resolution went on to say that crypto assets might be used for fraud, money laundering, or even terrorist funding since they aren’t regulated.
It is also against the rules for supervised institutions to own crypto-based derivative products. The re
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