Honduras plans to enter the cryptocurrency market by launching its stable coin

TL;DR Breakdown • The BCH wants to follow the plan that governments like El Salvador have implemented on cryptos.• Honduras tries to create a solid bill to make cryptocurrency trading great. Among the latest news, the banking entities of Honduras and Guatemala have announced that they may accept the cryptocurrency trade. Both governments have agreed to use the virtual currencies that the entity will issue. The vice-president of the reserve bank in Guatemala, José Blanco, revealed that it is possible to create a stable currency based on decentralized currencies. Similarly, Blanco created a group that would investigate the project to carry it out. The bank executive details that the virtual currency could be called “Quetzal.” Honduras wants to enter the crypto market While the Guatemalan government gives BANGUAT free will to create its cryptocurrency token, Honduras joins the initiative at the CBDC. Both countries have been keen to adopt cryptos after the El Salvador government had an excellent transition last week. However, the Honduras and Guatemala actions towards cryptos are focused on creating a stablecoin and not on directly adopting Bitcoin, as El Salvador did. The Salvadoran government adopted Bitcoin as a legal currency so interested citizens and companies could make crypto transactions. El Salvador called its cryptographic execution a “Bitcoin plan,” To complete it; it had to buy 400 BTC previ...