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Home»Crypto News Flash»Policy»Central Bank of Honduras warns of the risks of using cryptocurrencies

Central Bank of Honduras warns of the risks of using cryptocurrencies

Policy August 2, 2022
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The Central Bank of Honduras issued a press release aimed at clarifying the agency’s stance on the use of cryptocurrencies in the country. Even if such tools gain popularity in other countries, cryptocurrencies are not backed by any form and are also subject to high volatility, the group said.

“Any transaction with them will be at the responsibility and risk of the person who executes the transaction.” In addition, the organization informed that under the country’s law, the only institution authorized to issue currency and guarantee the existence of an effective payment system is the Central Bank of Honduras. Earlier news, Honduras established a bitcoin center to promote the use of Bitcoin.

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