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Tuesday

28 September 2021

As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs

As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs


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Instead of embracing an existing cryptocurrency as a legal tender, like what El Salvador did, the central banks of Honduras and Guatemala are currently studying central bank digital currencies or CBDCs.

Following the approval of the board of directors, the Central Bank of Honduras kicked off a study “to determine the feasibility of conducting a pilot test issuing its own digital money or a central bank digital currency,” according to Honduras central bank president Wilfredo Cerrato’s remarks at a forum event in Tegucigalpa.

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