BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Honduras Takes Firm Stand Against Crypto Transactions in Banks

by Sham
February 19, 2024
in Crypto, Politics
A A
Honduras Takes Firm Stand Against Crypto Transactions in Banks
1
SHARES
Share on TwitterShare on Reddit
  • Honduras has banned banks from activities related to cryptocurrencies in a move that goes against the trend of growing crypto adoption in Latin America.
  • The ban was justified by the Honduras regulators due to uncertainties around cryptocurrencies, with the aim of protecting the financial system.
  • However, the ban contrasts with wider acceptance of crypto in the region – such as El Salvador using Bitcoin as legal tender and Brazil approving crypto payments.

Honduras has banned banks from cryptocurrency activities in a surprising regulatory move for Latin America. This places the country at odds with growing crypto acceptance across the region.

NEW: 🇭🇳 Honduras bans banks from engaging in crypto transactions due to regulatory gaps

— BlockNews.com (@blocknewsdotcom) February 19, 2024

Background on the Ban

On February 15th, 2023, the Honduras National Banking and Securities Commission (CNBS) prohibited financial institutions from maintaining, investing, intermediating, or operating with cryptocurrencies. The ban includes trading crypto derivatives like ETFs.

CNBS justified the ban by citing legal uncertainties around cryptocurrencies. They aim to protect Honduras’ financial system and public from potential risks.

Crypto Trends in Latin America

Honduras’ ban clashes with wider crypto adoption in Latin America.

El Salvador pioneered Bitcoin as legal tender in 2021. Argentina may also pursue crypto-friendly policies under President Milei. Brazil legalized crypto payments and has many active crypto ETFs.

The Honduras ban also comes as major economies like the US and Japan approve new crypto investment vehicles.

Conclusion

The CNBS ban places Honduras at odds with growing crypto acceptance in Latin America and beyond. It remains to be seen how strictly the prohibition will be enforced across the country’s banking sector.

Tags: CNBSel salvadoretfsHonduras
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Fed Holds Steady Amid Trump Pressure
Opinion

Fed Holds Steady Amid Trump Pressure

June 16, 2025
Canada Approves First Spot XRP ETF, Launches This Week
Crypto

Canada Approves First Spot XRP ETF, Launches This Week

June 16, 2025
Crypto Platform Pump.Fun Brought Down by Sudden X Ban: Is This Bearish for Solana Memecoins?
Crypto

Crypto Platform Pump.Fun Brought Down by Sudden X Ban: Is This Bearish for Solana Memecoins?

June 16, 2025
JPMorgan Trademark Filing Sparks Stablecoin War Among Banks
Crypto

JPMorgan Trademark Filing Sparks Stablecoin War Among Banks

June 16, 2025
Eric Trump Backs Tron TRX But Denies Role in $210M Deal
Crypto

Eric Trump Backs Tron TRX But Denies Role in $210M Deal

June 16, 2025
The Dollar Is Cracking—And BlackRock Might Be Fueling the Collapse
Bitcoin

The Dollar Is Cracking—And BlackRock Might Be Fueling the Collapse

June 16, 2025
Load More

Related News

Fed Holds Steady Amid Trump Pressure

Fed Holds Steady Amid Trump Pressure

June 16, 2025
Canada Approves First Spot XRP ETF, Launches This Week

Canada Approves First Spot XRP ETF, Launches This Week

June 16, 2025
Crypto Platform Pump.Fun Brought Down by Sudden X Ban: Is This Bearish for Solana Memecoins?

Crypto Platform Pump.Fun Brought Down by Sudden X Ban: Is This Bearish for Solana Memecoins?

June 16, 2025
JPMorgan Trademark Filing Sparks Stablecoin War Among Banks

JPMorgan Trademark Filing Sparks Stablecoin War Among Banks

June 16, 2025
Eric Trump Backs Tron TRX But Denies Role in $210M Deal

Eric Trump Backs Tron TRX But Denies Role in $210M Deal

June 16, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.