On 2024-02-18, Honduras' National Banking and Securities Commission (CNBS) issued a resolution prohibiting financial institutions in the country from engaging in transactions involving cryptocurrencies and similar virtual assets, citing concerns over fraud and money laundering risks. This decision, effective immediately, bans banks and other regulated entities from maintaining, investing in, or intermediating with cryptocurrencies. The move, announced on 2024-02-19, contrasts with the broader trend in Latin America, where cryptocurrencies have generally been met with a more favorable stance. Concurrently, in the United States, banks have sought permission from the Securities and Exchange Commission (SEC) to store Bitcoin, a move influenced by the BIS Guidance for central banks in 2024-2025.
Latin America is friendlier to cryptocurrencies than most regions, but Honduras has ruled them—and derivatives like ETFs—out. https://t.co/4guOGuENln
Honduras Bans Crypto in Banking, Bucking Regional Bitcoin Trends ► https://t.co/DupsYluRfG https://t.co/DupsYluRfG
📣 Latest News: Honduras Financial Regulator Restricts Banks From Dealing in Crypto #news #cryptonews #crypto #regulations
BREAKING 🚨 NEW : 🇺🇸U.S. banks have asked the SEC for permission to store #Bitcoin (BIS Guidance for central banks 🏦 in 2024-2025 hitting hard as well). https://t.co/vWVQMylvSc
NEW: The National Banking and Securities Commission of 🇭🇳 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 or…