Country overview

#123
Honduras

Country stats

Rating Points
60
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
2.28%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
20
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
0
Total amount of crypto users out of the country's total population based on public data.
Taxation points
15
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
No info
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
Legally allowed ezone
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
High danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Honduras. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Honduras (1) is a country located in Central America. It has an area of about 113,777 kmΒ², and its population exceeds 10 million people.

Based on Visaguide (2) citizens of most countries are allowed to visit Honduras without a visa, but they can only stay there for 90 days. There is no digital nomad visa in Honduras, but according to Imidaily (3) people with regular foreign income may get 1-5 years residence in the country. For people with pensions it’s possible with a regulat income higher than than $1,500 and for ordinary passive income residence permit it should be higher than $2,500. It’s easy to get citizenship of Honduras by naturalization - you need to live in the country for 3 years.

Security level

Honduras has a very high danger security level according to our rating. Jurisdiction has 26.6 points (from 100) for safety level in Numbeo crime rating (4). The homicide level (5) is 35.1 per 100,000 inhabitants a year. Level of firearm-related death (6) 42.29 per 100,000 inhabitants a year.

Crypto Payments

The Central Bank of Honduras (7) (BCH) has issued a press release to clarify that the Bitcoin cryptocurrency will not become legal tender in the country, after a flurry of recent reports suggesting such a move was imminent. Prospera a special ezone in the country has declared (8) Bitcoin as a legal tender in 2022. However, it doesn’t look like this move was backed by the central government.  

Crypto Salaries

Since cryptocurrencies are not a legal means of payment in Honduras, it can be assumed that crypto salaries are not regulated in the country.

Legal

  Honduras does not have (9) any laws regulating cryptocurrencies or virtual assets. The Central Bank of Honduras has issued a statement in 2018 that crypto doesn’t have any legal status in country. Moreover, recently the Central Bank of Honduras has banned (10) crypto operations for banks.  

Taxation

  Based on PWC taxsummaries (11) the headline CIT rate is 25, plus a surcharge of 5% on net taxable income over HNL 1 million. The headline PIT rate is 25%. The capital gains tax rate in Honduras is 10% for individuals and legal entities.