El Salvador's President Nayib Bukele's re-election ensures that Bitcoin will remain legal tender in the country. Meanwhile, Honduras has banned institutions from trading Bitcoin and other cryptocurrencies due to regulatory concerns, citing risks of fraud and money laundering. This move leaves El Salvador isolated regionally in terms of crypto trading.
NEW: The National Banking and Securities Commission of ππ³ Honduras bans banks from dealing with #Bitcoin and other #cryptocurrency due to regulatory concerns https://t.co/HNyC1kyLxF
Central American country Honduras' CNBS regulator has banned the financial system from trading in cryptocurrency and similar virtual assets, citing risks of fraud and money laundering. The resolution bans institutions under its supervision to "maintain, invest , intermediate orβ¦
https://t.co/F5evdD8nS8 #Honduras blanket ban on crypto trading pretty much leaves #ElSalvador by themselves regionally. Surprised #Nicaragua haven't taken that ball and run with it. Maybe that's what some of the foreign experts work on?
JUST IN: ππ³ Financial markets regulator of Honduras has banned institutions from trading bitcoin π¨ https://t.co/x8vBnDyPAN
#Bitcoin will remain legal tender in El Salvador after Nayib Bukele was re-elected as President πΈπ» El Salvador is Bitcoin country π https://t.co/DPMRuhVjpI