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Honduras vs Sierra Leone

Crypto regulation comparison

Honduras

Honduras

Sierra Leone

Sierra Leone

No Regulation
No Regulation

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.

Sierra Leone has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCH (Banco Central de Honduras), CNBS
Regulator Bank of Sierra Leone
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules No stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services