Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency

Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency


The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels of volatility. “Any transaction carried out with them will be under the responsibility and risk of the person who performs it.”

Central Bank of Honduras Clarifies Stance On Cryptocurrency

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

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