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‘Bitcoin City’ is closed in Honduras
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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
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‘Bitcoin City’ is closed in Honduras
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‘Bitcoin City’ is closed in Honduras