Honduras watchdog bans institutions from trading crypto

Published on: Friday 16 February 2024

Honduras' CNBS regulator has banned the Central American country's financial system from trading in cryptocurrency and similar virtual assets, it said in a resolution, citing risks of fraud and money laundering. The National Banking and Securities Commission said a resolution, dated from Monday but made public on Friday, had "immediate effect." The resolution bans institutions under its supervision to "maintain, invest, intermediate or trade in cyptocurrencies, crypto-assets, virtual currencies, tokens, or any similar virtual assets not issued or authorized by the central bank."

News source: https://finance.yahoo.com/news/honduras-watchdog-bans-institutions-trading-180714229.html

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Honduras watchdog bans institutions from trading crypto