Prospera does not have the same popularity as El Salvador in terms of adopting bitcoin as legal tender, but has not missed the spotlight since April 2022. At the moment, this ZEDE has taken another step forward with the queen of cryptocurrencies: its acceptance as a unit of account.
Bitcoin becomes a “unit of account” in Prospera (Honduras)
Influenced by El Salvador, Honduras embarked on the Bitcoin adventure in April 2022 after seeing its first BTC ATM installed on its ground a year earlier. Certainly, this does not have the same scale as the initiative of the government of Nayib Bukele, but the idea of establishing a special economic zone favorable to bitcoin like Prospera, a city located on the island of Roatan, is very original .
“ After adopting bitcoin as legal tender in 2022, Prosperaa special economic zone of Honduras, now recognizes bitcoin as a unit of account. »
Cointelegraph reported that Jorge Colindres, tax commissioner of Prospera, considers the characterization of bitcoin as “ account unit ” like a financial and monetary emancipation of people living in this employment and economic development zone (ZEDE). In other words, BTC offers itself this new status: a unit of measurement of the market value of goods and services.
“ In ZEDE Prospera, we believe in the right to financial freedom and monetary freedom. People should be free to transact, do their accounting and file their taxes in the currency of their choice », specifies Mr. Colindres, initiator of this project.
Thus, Prospera ZEDE is getting closer and closer to “ the most competitive special diets » of Latin America so dreamed of by J. Colindres. With $100 million coming in over 3 years, and more than 3,000 jobs created, the idea doesn’t seem to lack any benefits.
An economic paradise under construction
For its president Joel Bomgar, Prospéra is both “ a favorable environment for bitcoins (BTC) ” And ” regulatory certainty that allows people to build with bitcoins without worrying about whether a regulator will one day step in and change all the rules “. In other words, a libertarian city by the sea.
However, this waking dream of ZEDE has its limits. First of all, there is the conflict with the neighboring villagers of Crawfish Rock over access to running water. The Honduran Congress, led by Xiomara Castro, had to rally to their cause and unanimously voted to end the ZEDE. Except that several million dollars have already been invested. The standoff promises to be very tough.
However, this new step taken by Mr. Colindres and his team means that in a way Prospera wants to evolve alongside Madeira (Portugal) as a promoter of bitcoin.
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