Today, the Central Bank of Honduras confirmed that for the time being, the country has no intention of following in El Salvador’s footsteps.

Thus eliminating the FOMO sentiments that were sparked by rumors about the possible adoption of Bitcoin as a legal currency in the Latin American country.

According to showThe Central American country maintains a neutral stance towards bitcoin and cryptocurrencies in general.

She has no intention of changing it at the moment.

The Honduran Central Bank stressed that Bitcoin is still not accepted as a legal currency in many countries and is not even sufficiently regulated.

It is illegal to use cryptocurrencies in Honduras:

The Honduran Central Bank confirmed that cryptocurrencies are not regulated in the country, so the problems of Hondurans or the danger they are exposed to from cryptocurrencies and in their transactions will fall on their shoulders.

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The bank statement also stated:

The Honduran Central Bank does not supervise or guarantee transactions with cryptocurrencies as a means of payment in the national territory, and therefore any transaction made with this type of digital currency is under the responsibility and risk of those who carry it out.

In addition, the central bank explained that given the economic and geopolitical context that is being experienced around the world, they are still studying whether it is a good idea to issue central bank digital currencies as many countries do, emphasizing that in a CBDC, the oversight and issuance of The currency is the responsibility of the state directly.

Issuing a CBDC is easier than declaring bitcoin a fiat currency:

As easy as President Najib Bukele made it seem, when he announced Bitcoin as legal tender in El Salvador, the truth is that it is a complex task given the volatility and lack of adoption that still exists globally.

For example, over the past few months, El Salvador has come under public scrutiny after buying large amounts of bitcoin at prices much higher than they are currently.

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According to Reuters, El Salvador had to postpone Vulcano bonds due to the geopolitical context and lower prices in the markets.

So the new launch date for the bonds should be between May and June.

President Bukele denied this fact and argued that the delay occurred for other reasons.

In other words, El Salvador has acted as a guinea pig for other countries around the world so that they can see how a country’s economy behaves after making a tough decision like accepting Bitcoin as legal tender.

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