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Botswana vs Honduras

Crypto regulation comparison

← Back to map | Botswana | Honduras
Botswana

Botswana

Honduras

Honduras

Legal
No Regulation

Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.

Honduras has no specific cryptocurrency legislation. The Central Bank and CNBS have issued warnings about crypto risks but have not banned it. The Special Economic Zone of Prospera on Roatán island adopted Bitcoin as legal tender in its jurisdiction, though this is a unique local arrangement.

Tax Type None
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator BCH (Banco Central de Honduras), CNBS
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin-specific regulation
Key Points
  • Virtual Assets Act enacted in 2022, effective Feb 22, 2022
  • First African country to issue crypto licenses via NBFIRA
  • 4 licensed VASPs as of December 2024
  • Bank of Botswana assesses domestic crypto risks as minimal
  • Unregistered crypto dealers face fines up to P250,000 or imprisonment
Key Points
  • No national cryptocurrency legislation exists
  • BCH and CNBS issued warnings about risks but no formal ban
  • Prospera (ZEDE on Roatán) recognized Bitcoin as legal tender locally
  • Crypto use exists primarily through peer-to-peer channels
  • No specific tax guidance for cryptocurrency gains
Sources
Sources