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Honduras Financial Regulator Restricts Banks From Dealing in Crypto

The Honduran financial system has slammed the brakes on cryptocurrencies, with the National Banking and Securities Commission (CNBS) prohibiting institutions under its supervision from dealing with digital assets. The CNBS has stated that the “maintaining, investing, intermediating or operating with cryptocurrencies, crypto assets, virtual currencies, tokens or any other similar virtual asset” will not be allowed for the country’s financial institutions. Honduras is home to several crypto-friendly initiatives, including Bitcoin Valley and the special economic zone of Próspera, where Bitcoin serves as legal tender.

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