While some countries have moved to regulate and integrate cryptocurrencies as part of their economic system, others are still opposing such integration. The Central Bank of Honduras has recently issued a statement that clarifies its position on the utilization of cryptocurrencies on Honduran soil. The organization informed that according to national laws, the only institution authorized to issue money and to guarantee the existence of an efficient payment system is the Central Bank of Honduras.
Cryptocurrencies are still in a legal gray area in Honduras, as their existence is not acknowledged in any bill yet. Due to this, the bank warned citizens about them, stating:
Cryptocurrency assets do not have support, so they are not regulated nor is their use guaranteed, therefore, they do not enjoy the protection granted by national laws.