Honduras is going to race with El Salvador now. Who is going to have more Bitcoin, who is going to use them more wisely or what Bitcoin connected innovation they will announce or release. There is already one pros for Honduras - they can copy El Salvador experience and do better.

P.S. gonna check if president of Honduras follows Bukele's twitter

I give up for today, trying to scout for news on the so far no new. I’ve gone over local Honduran media for a while now, and there is no such thing as a hint there – not even in light of the event being announced on the crypto media. @Keiser may well be on to something through his contacts, but it’s weird that there is no anticipation over the country’s local media whatsoever.

Many of yesterday’s/today’s crypto media reference their source as being Digit News. I therefore presume it being this article:
https://digitnews.in/the-president-of-honduras-may-announce-the-legalization-of-bitcoin-in-the-country-tomorrow/

Now the above article does not come across as bearing a content close enough to the horse’s mouth to make it the golden nugget of credibility for these news.

Having said that, I’ll remain waiting in hope of being outsmarted by laser eyes on Castro’s Twitter profile over the next hours … (I read another non-sourced comment stating that that would be the sign …)

Is there anyone with negative thoughts? I don't think so, I guess we all agree it's another huge step for bitcoin! Before El Salvador, now (hopefully) Honduras, soon other countries will follow and it's gonna be very interesting to see when we're gonna have the first very important country actually use bitcoin. Switzerland could be one, but I'm already dreaming too much, I'd be happy to see Paraguay, Panana, Costa Rica for example be added to the list.

I think we can confirm all these on Bitcoin 2022 | Miami Beach conference just like the day when Bukele announced his actions. It will also be like what he did so Castro may likely be in the conference or will just send a video for it. I think it will also be legislated quickly. So far we can't yet see any confirmation.

There are many countries citing to legally adopt BTC only a few leaders had vocally expressed it on their social media accounts. Only a few are willing to gamble their political career.

Max Keiser had been roaming in Latn countries spreading the word of crypto actually, I once saw him in some gathering. Seem dipping his toes into politics.

The BCH (Central Bank of Honduras), in light of the circulating rumours of BTC becoming legal tender in the country, has made a press release stating essentially that, under the current laws of the country, BTC is not being considered to become legal tender in the country. Moreover, they state that they are considering creating their own CBCD.

The press release doesn’t really explicitly and categorically state that BTC won’t become legal tender, but rather it states what is legal currency there (the Lempia), what it is under consideration (CBDC), and which is the only entity which can issue legal tender in the country (them, the BCH).

I presume that it’s not one of those situations where the left hand doesn’t know what the right hand is doing, and that’s it, at least for now …


See:
https://www-criptonoticias-com.translate.goog/comunidad/adopcion/banco-central-honduras-desmiente-adopcion-bitcoin-como-moneda-curso-legal/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp

(In Spanish) BCH statement

I dont see any reason why there is lots of criticism about Honduras accepting bitcoin, that's if the rumour is true, although they are a small country, the news might make a little impact to the market but I believe this is a good achievement regardless of if its an underdeveloped nation

In most countries CBDC is getting developed. Malaysia is on the list. Yesterday there were news citing Malaysia will be the next to consider bitcoin legal tender. Today the finance minister have given statement on it. Malaysia is not going to consider bitcoin and other cryptocurrencies as legal tender considering its limitations. The limitations mentioned were the security concern and the volatility of the market.

Malaysia is not gonna follow El Salvador and the country is part of the Project Dunbar. The project is testing central banks digital currencies (CDBC).

The Reserve Bank of Australia (RBA), Bank Negara Malaysia (BNM), the Monetary Authority of Singapore (MAS) and the South African Reserve Bank (the Bank) were part of the project. It aims in improving cross border payments through digital currencies making transactions cheaper, faster and secure.

I've posted this before and I'll post it again.

It would be great news to see another country adopt bitcoin as legal tender. As long as they are transparent about what they are doing. The people need to have a choice in this matter. As many have expressed in the past, the way El Salvador processed it's groundbreaking legal tender law was shady to some degree. I think had the people been aware of this move and by extension given a choice, El Salvador would never have drawn this criticism.

Either way, it would be incredible news to know another country is treating bitcoin as legal tender.

I've just read a post telling that Iran has been doing this for years, and partly with Russia.
Of course, it's a bit strange that they've decide to tell this loudly now, when they could have been continuing to do it without drawing extra attention.


Buy the rumor, sell the news!
Actually the same was about the ETF rumors. Some speculators pumped the price a couple of times just because the market had certain expectations.
(And yes, I agree with staying out of trading in this strangely turbulent market.)

You're absolutely right, you can already pay taxes in bitcoin in Arizona, and check out what Lugano (in Switzerland) is doing about bitcoin 

Regarding the US now also Texas and Florida are very open to use bitcoin, and also New York's mayor decided to get his first salaries in bitcoin. It's spreading guys