‘Bitcoin City’ is closed in Honduras

by Stephen Douglas
0 comments
'Bitcoin City' is closed in Honduras
Follow Us

Follow Us @

‘Bitcoin City’ is closed in Honduras
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.

The “Bitcoin city”, located in the Employment and Economic Development Zone (ZEDE) on the island of Roatán, Honduras, closed its activities after action by the local government.

Since October 14, authorities at Roatán City Hall have closed the doors of the citadel, alleging that the company responsible, Honduras Próspera, failed to pay around 12 million lempiras (equivalent to 480 thousand dollars) in taxes. The closure marks a new chapter in the conflict between Próspera and the Honduran government, which has been going on for years.

The mayor of Roatán, Ron Mcnab, justified the closure by stating that Próspera is not complying with its fiscal and operational obligations.

“We are months behind in Próspera and we have to enforce the laws,” said the mayor, who also highlighted that he does not recognize the citadel as an independent nation or area, but rather as a group of bad investors.

Bitcoin City in Honduras

Armed police blocked access to the central ZEDE building, interrupting all administrative activities in the city.

On the other hand, the Próspera team denies any irregularities. In an official statement, the company stated that it had always complied with all legal requirements and that the closure was an illegal action.

“All of our operations complied 100% with legal requirements, including corresponding taxes,” declared the company, defending its autonomy as an independent economic area.

ZEDE’s technical secretary, Jorge Colindres, also expressed his indignation at the closure. He highlighted that the ZEDE have constitutional autonomy, in accordance with international treaties signed by the government of Honduras.

“ZEDEs are authorized to operate for 50 years, in accordance with the Constitution and national and international laws,” said Colindres, remembering that the Honduran government had already guaranteed this autonomy more than 10 years ago.

Bitcoin City was one of Prospera Honduras’ most ambitious initiatives. Inspired by Bitcoin Beach, in El Salvador, the city adopted bitcoin (BTC) as its official currency in 2023.

‘Bitcoin City’ is closed in Honduras

Follow TODAYSGIST on Google News  and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!

‘Bitcoin City’ is closed in Honduras

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

FIRST TIME REACTIONS:

‘Bitcoin City’ is closed in Honduras

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

‘Bitcoin City’ is closed in Honduras

#Bitcoin #City #closed #Honduras

You may also like

Leave a Comment

About Us

Today’s Gist is your go-to source for breaking news updates, entertainment, cryptocurrency insights, and more, keeping you informed and engaged daily