ICYMI: Jurisdictions in Honduras, Portugal unveil Bitcoin adoption plans
However, no government official announced making bitcoin nationwide, legal tender at the conference like El Salvador's Nayib Bukele did last year.While Honduras' central bank knocked down rumors about the country making bitcoin legal tender a few weeks ago, a jurisdiction called Próspera on the island of Roatán announced that it recognizes cryptocurrency as a legal currency in its own area.
"Honduras Próspera Incorporated is the promoter and organizer of the Próspera jurisdiction on the Caribbean Island of Roatán in Honduras," Honduras Próspera Inc. president Joel Bomgar told the audience alongside Mow.Bitcoin within Próspera operates as legal tender -- that means no capital gains tax on bitcoin, you can transact freely using bitcoin, and you can pay taxes and fees to the jurisdiction in bitcoin," he said.
Bomgar added that accredited investors can also invest directly in Honduras Próspera Inc. through a securityBomgar is a Republican politician in the U.S., currently serving as a state representative in the Mississippi House of Representatives. "I believe in the future and I believe in bitcoin," Albuquerque said, without specifically saying it would be legal tender there.
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