3 months ago
1 min read
Honduras imposes crypto trading ban to secure financial sector
A ban on crypto trading for financial institutions has been implemented in Honduras. The National Banking and Securities Commission (CNBS) declared it. This move seeks to preserve the integrity of the nation’s financial system in contrast to the growing global acceptance of crypto, like the US’s Bitcoin ETFs. The lack of specific laws about crypto in Honduras is the reason behind the CNBS’s decision. When regulations are unclear, customers are vulnerable to fraud and other illicit activities, such as money laundering. The decentralized structure of crypto businesses, which makes it challenging for regional regulators to monitor their operations, has also