Honduras’ employment development economic zone “Próspera” officials confirmed today (8th) that “Bitcoin has been formally recognized as the accounting unit,” and BTC can now be used to measure the market value of goods and services.
(Latest development:
Bitcoin enters daily life》Number of physical merchants accepting BTC payment increased by 300% last year.)
(Background information:
Bitcoin soars to an all-time high in “fiat currency diving countries”! People use cryptocurrency to fight against inflation tragedy.)
The Latin American island country of Honduras, located on the Caribbean coast, announced in April 2022 that the “Próspera” economic zone for employment development has already included Bitcoin and other cryptocurrencies as legal tender. It also allows the local government, regional governments, and multinational corporations to issue Bitcoin bonds within its jurisdiction.
After more than a year, Jorge Colindres, the technology and tax commissioner of the Prospera zone, confirmed earlier today (8th) that “Bitcoin has been formally recognized as the accounting unit,” meaning that BTC can now be used to measure the market value of goods and services. He wrote in a tweet:
“The next plan is to pay taxes with BTC.”
Jorge further added that due to technical limitations of the government’s digital systems and some external regulatory issues, it is currently not possible to implement the final procedure of paying taxes with BTC. However, once these issues are resolved, businesses will be able to report taxes to Prospera ZEDE in BTC form and pay the corresponding amounts.
Jorge recently described the Prospera zone as one of the “most competitive special regimes” in Latin America. He stated that the regime has received over 100 million US dollars in funding within its three-year term and has created over 3,000 job opportunities nationwide.
Central America stands out in accepting BTC payments by physical merchants
According to BTC Map information, there are currently merchants around the world willing to accept Bitcoin payments, with the majority concentrated in Europe and the United States, particularly with the highest acceptance rate in Latin America. In 2023, there will be over 6,300 stores accepting Bitcoin payments, nearly three times the number at the end of 2022.
[Related report]
“The Bitcoin enthusiast” becomes the President of Argentina, who once vowed to blow up the central bank.
Will the advocate of “closing the central bank and embracing Bitcoin,” Milei, be elected as the President of Argentina?
Ark Investment: Inflation-plagued Argentina’s “Bitcoin adoption rate” surpasses that of El Salvador.
45 million people exposed to Bitcoin, will Argentina become the next El Salvador?