Honduras Financial Regulator Restricts Banks From Dealing in Crypto
The Honduran monetary system has slammed the brakes on cryptocurrencies.
The CNBS has said that the “sustaining, investing, intermediating or working with cryptocurrencies, crypto property, digital currencies, tokens or some other related digital asset” is not going to be allowed for the nation’s monetary establishments.
Citing the unregulated nature of crypto and potential publicity to fraud, cash laundering, and terrorism financing, the CNBS decision successfully bars banks, funding corporations, and different monetary establishments from partaking in any actions associated to cryptocurrencies, together with holding, investing, or facilitating transactions.
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