The Próspera economic zone in Honduras has announced that bitcoin and other cryptocurrencies are effectively acting as legal tender within its jurisdiction.

The charter city district is located on the island of Roatan and enjoys significant autonomy, including a special government as well as its own financial, regulatory and legal systems.

“Próspera also accepts the payment of taxes and fees using bitcoin, allowing residents to set up a cryptocurrency-focused business using an optimal, standards-based regulatory framework. AML and KYC world class”.

The judiciary has given Honduran municipalities and foreign companies the option to issue digital gold bonds to attract foreign direct investment.

President Honduras Prospera Inc., the organizer and organizer of the region. Joel Bomgar confirmed the news from the Bitcoin 2022 conference stage and added that investors can invest in the organization by purchasing security tokens on the Securitize platform.

Miguel Albuquerque, head of the autonomous region of the island of Madeira in Portugal, also advocated the legalization of the first cryptocurrency. He did not specify any specific plans in this direction.

“I believe in the future and bitcoin,” he said.

In September 2021, the first cryptocurrency became legal tender in El Salvador. So far, no country has followed the example of the Central American state.

Recall that El Salvador officials planned to issue $1 billion worth of bitcoin bonds on March 15-20, but postponed the issue in anticipation of “more favorable conditions in the global financial market.”