Topic: Honduras to declare Bitcoin as a legal tender? - page 3. (Read 550 times)
It's the first time I see this news, something very strange that all the news channels related to cryptocurrencies are not talking about it, I don't understand, they want to create laws that allow their citizens to use bitcoin and US dollar as currency in their country What would allow anyone from Honduras to buy things using bitcoin, receive salary, make loans in the country using bitcoin... or does he want bitcoin to be the only official currency of the country and replace the Lempira of Honduras? I don't understand this
As far as I know, the US dollar (or any other) is not the official currency in Honduras, and El Salvador has been using the US dollar as its official currency for more than 20 years - so the question is, what exactly is Mr. Castro talking about? Maybe as a neighboring country with the ES they are planning some kind of monetary union - I'm sure the guys who print digital dollars know a lot more about what's going on - Samson Mow is obviously very busy these days.
Indeed, Lempira (HNL) is their currency. And I think that we should not pay too much attention to political declarations, instead (wait and) see what will actually be done.
On the other hand, it's very interesting that they have their own currency. Let's see how will they handle this; Honduras may become the first country with own currency that'll make Bitcoin legal tender.
Of course that afterwards Bitcoin can become the proper currency for transacting between Honduras and El Salvador, replacing US Dollar.
Edit: I've just watched this s u p e r b short movie about the first follower, I think that it worth the time:
https://twitter.com/corybates1895/status/1504927593627365379
“We must not allow El Salvador to be the only country escaping dollar hegemony,” said President Castro. “Honduras has the right to move towards the First World countries.”
As far as I know, the US dollar (or any other) is not the official currency in Honduras, and El Salvador has been using the US dollar as its official currency for more than 20 years - so the question is, what exactly is Mr. Castro talking about? Maybe as a neighboring country with the ES they are planning some kind of monetary union - I'm sure the guys who print digital dollars know a lot more about what's going on - Samson Mow is obviously very busy these days.
Kaiser did indeed hint it a few days ago, and he’s likely well connected to get first hand information (another matter is whether he should point to the country before the country makes it official). The reports on the media are pointing towards today/tomorrow (I've seen both versions) being the day, but not providing any details as to why today/tomorrow should be the announcement day. I haven’t yet seen anything else on the Spanish speaking media, but it’s still early hours there.
In any case, besides the potential fact itself (yet to be seen), an important factor will reside in seeing the rules of play (i.e. their version of the Bitcoin Law), alongside the timeframe and support plan. If it becomes a reality, hopefully they’d have received a lot of information from El Salvador on their experience, helping to ease their deployment plan.
In any case, besides the potential fact itself (yet to be seen), an important factor will reside in seeing the rules of play (i.e. their version of the Bitcoin Law), alongside the timeframe and support plan. If it becomes a reality, hopefully they’d have received a lot of information from El Salvador on their experience, helping to ease their deployment plan.
It would surely be great if something like that is announced. I saw that news somewhere today (I can't recall where, but I think there was a link to the same portal DigitNews.in) and it said that the president said that we are still early. I guess it means that it won't happen any time soon but it's great that other countries except El Salvador are considering adopting Bitcoin.
It’s rumoured that an announcement will be made during the BTC conference in Miami which is in a few weeks. It was during the same event last year that Jack Mallers announced that El Salvador would be using BTC as legal tender via his Strike, Lightning app. I hope it happens any way, would be cool & another baby step on route to widespread, mainstream adoption.
Quote from: https://cointelegraph.com/news/malaysian-comms-official-calls-the-state-to-legalize-crypto-and-nfts
Some reports also suggest that Honduras is another country that is preparing to adopt Bitcoin (BTC) as legal tender
The above links to this:
“We must not allow El Salvador to be the only country escaping dollar hegemony,” said President Castro. “Honduras has the right to move towards the First World countries.”
I'm not really sure how credible this is especially when I couldn't find the news anywhere else, however, it appears that Max Keiser has tweeted about this 3 days ago:
I'd like to hear your thoughts about this.
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