honduras

Former FTX CEO Sam Bankman-Fried (SBF) praised Trump's decision to pardon former Honduran President Juan Orlando Hernández on social media on Tuesday, stating, "Few people deserve freedom more than he does." Hernández was previously sentenced to 45 years in prison for drug-related charges.SBF himself is serving a 25-year sentence for fraud and conspiracy, having misappropriated billions of dollars in customer funds, and is hoping for a pardon from Trump. However, analysts point out that SBF's chances of being pardoned are extremely low, as he donated $5.2 million to Biden's campaign team in 2020. SBF's appeal is still being heard in the U.S. Court of Appeals for the Second Circuit, with a decision expected next year. (The Block)

ChainCatcher news, according to Cointelegraph, a presidential candidate in Honduras was seen wearing a hat with a Bitcoin pattern during an interview.

ChainCatcher news, according to Bitcoin Magazine, Salvadoran President Nayib Bukele donated 2 bitcoins worth $133,000 to help Honduras raise funds to build 1,000 schools.

ChainCatcher news, the National Bank and Securities Commission of Honduras stated in a resolution that it has prohibited the country's financial system from trading cryptocurrencies and similar virtual assets, citing the risks of fraud and money laundering. This resolution is "effective immediately." The resolution is dated for next Monday but was announced this Friday. The resolution prohibits institutions under its supervision from "maintaining, investing, mediating, or trading cryptocurrencies, crypto assets, virtual currencies, tokens, or any similar virtual assets not issued or authorized by the central bank."Currently, there is no regulation on crypto assets in Honduras, although platforms trading crypto assets do operate in the country. Regulators pointed out that many of these platforms are registered in multiple jurisdictions, making them beyond the control of Honduran law, and they could potentially "engage in fraud, money laundering, and terrorist financing activities." The Central Bank of Honduras warned that it is not responsible for such transactions and cannot guarantee any such transactions.

ChainCatcher news, according to Finbold, the Honduras Economic Zone Próspera ZEDE has officially recognized Bitcoin (BTC) as a unit of account. This move effectively acknowledges the legitimacy of cryptocurrency in various commercial, tax, and financial transactions. The acting manager and tax commissioner of the zone, Jorge Colindres, announced this news on January 5 and outlined the conditions under which legal entities can use Bitcoin as their unit of account.Before the final BTC tax payment procedures are implemented, the tax obligations of entities choosing Bitcoin will be determined internally in reference to BTC, but reported to Próspera ZEDE in USD or local currency. After the final BTC tax payment procedures are implemented, tax obligations will be reported in BTC, and entities will pay the corresponding amounts to Próspera ZEDE in Bitcoin.

ChainCatcher news, according to The Wall Street Journal, SBF has been placed in the same cell as former Honduran President Juan Orlando Hernández, who is awaiting trial for accepting bribes from drug traffickers. According to Hernández's lawyer, the two have a good relationship and have had "friendly conversations." SBF's requests for a vegetarian diet and ADHD medication have been addressed.Meanwhile, SBF is allowed to meet with a non-lawyer visitor once a week, and he has been permitted to use a special laptop to view legal documents, although his computer use is limited to a designated room with partitioned desks. SBF's spokesperson Mark Botnick stated that SBF is "doing the best he can in this situation." Additionally, SBF has been exchanging mackerel with other inmates for services. Before his trial in November, he traded an unspecified amount of mackerel for a haircut. According to a source, SBF has also provided cryptocurrency investment advice to guards.It is reported that SBF is currently held at the Metropolitan Detention Center in Brooklyn, which is notorious for its harsh conditions. He will subsequently be transferred to a federal prison to serve his sentence. Although SBF has been convicted, he has not yet been sentenced. His sentencing is scheduled for March 28, 2024. The maximum sentence SBF currently faces is 115 years in prison, although some experts believe he will be sentenced to less than 25 years.