Próspera Recognize Bitcoin as Unit of Account in Roatan, Honduras!
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The post Próspera Recognize Bitcoin as Unit of Account in Roatan, Honduras! appeared first on Coinpedia Fintech News
Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account, allowing individuals and businesses operating in the area to use the cryptocurrency to measure the market value of goods and services. This development was spearheaded by Jorge Colindres, the acting manager and tax commissioner of Próspera ZEDE, who believes in the right to financial and monetary freedom. While tax liabilities for Bitcoin-electing entities will be determined about BTC for internal accounting purposes, external regulatory issues and technological limitations with its eGovernance system prevent the implementation of the “Final BTC Tzx Payment Procedure” at the moment.
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