Honduras Bans Banks from Cryptocurrency Transactions, Contrasting Regional Trends
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Banks in Honduras are banned from cryptocurrency transactions per a decree from the Honduras National Banking and Securities Commission.
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The ban aims to protect the financial system and public given legal uncertainties around cryptocurrencies.
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The decree prohibits financial institutions from maintaining, investing, intermediating, or operating with cryptocurrencies.
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The ban contrasts with crypto-friendly policies in other Latin American countries like El Salvador and Brazil.
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The decree also prevents institutions from offering services to those dealing with cryptocurrencies or trading crypto derivatives.