Less than two years after adopting bitcoin as BTC legal tender, Prospera, a special economic zone in Roatan, Honduras, has officially recognized bitcoin as a unit of account — meaning it can now be used to measure the market value of goods and services.
This development means that BTC can be used as a monetary unit to measure the market value of various goods and services in the Prospera region. Colindres, however, said it could not implement a "final BTC tax payment system" at the moment, citing technical limitations of its e-governance system in addition to some external regulatory issues.
For now, the tax liabilities of bitcoin-electing companies will be determined with reference to BTC for internal accounting purposes but will be reported in US dollars Próspera ZEDE or Honduras lempira.
Once the issues are resolved, the companies will report the tax liability (and pay the corresponding amount) to Prospera ZE in BTC, Colindres noted.
Those interested in uniting BTC accounts must file a notice with the Prospera Tax Commission within 30 days of the relevant tax period
honduras-special-economic-zone-Oh that's cool. This is how bitcoin spreads. Not from the topdown, but growing from the ground up organically. Small towns and villages all around the world clustering around bitcoin. A couple more decades of that and bitcoin will be accepted many places around the world.