After the gold standard, the Bitcoin standard. It has already been a few years since the Honduras shows great interest in the Bitcoin experience from his neighbor Salvadoran. And at the start of 2024, the special economic zone of Prosperaon the Honduran island of Roatan, is once again being talked about in the cryptosphere. Indeed, Bitcoin will now be a “ account unit », in addition to already being a means of exchange.
Bitcoin is officially a unit of account in the ZEDE of Próspera
The area of Prospera on the island of Roatán, Hondurasin fact in a way “Bitcoin Island” from the country. This Area of Employment and Economic Desarrollo (Employment and economic development zone, or ZEDE) has indeed been a playground for the king of crypto-assets for several years.
And this January 5, 2024, one more step has just been reached. Indeed, Jorge Colindresthe Technical Secretary in charge of ZEDE Próspera, officially recognized Bitcoin as a account unit.
“In the ZEDE of Próspera we believe in the right to financial freedom and monetary freedom. People should be free to transact, maintain their accounts and file their taxes in the currency of their choice. (…) »
BTC is becoming more than a currency in Honduras: a standard meter for the economy!
Recognizing Bitcoin as a unit of account gives it a even greater dimension to recognizing cryptocurrency as a means of exchange or as currency. Indeed, this new status allows BTC to be used for measure market value goods and services from the Honduran ZEDE.
The entities present in Próspera which wish to use Bitcoin as a unit of account from this year 2024 have in theory until January 30 to notify their choice to the services of the ZEDE Tax Commissioner (“within 30 days following the tax period concerned”).
But Jorge Colindres nevertheless indicated that the “new entities will be able to do it later ”, and a will accommodating on the part of the administration for this choice of Bitcoin as a unit of account.
If El Salvador remains the leader in interest in Bitcoin – given that it is a whole country who adopted BTC as legal tender currency -, the ZEDE of Próspera is very advanced in its adoption from the leader in crypto-assets. Are the nations of Central America destined to be the example in this matter for the rest of the world?