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Honduras central bank President, Wilfredo Cerrato, said that the watchdog's board of directors approved the study to determine the "feasibility of conducting a pilot test issuing its own digital money or a central bank digital currency."
He also said the adoption of cryptocurrencies in Central American countries is a prerogative for the Central American Monetary Council. Guatemala's central bank Vice President, Jose Alfredo Blanco, said the bank's potential CBDC would be called iQuetzal.
Earlier in September, El Salvador officially legalized bitcoin as legal tender. The country's president, Nayib Bukele, later announced the purchase of 400 bitcoins by the country's authorities. The purchase became part of a new $150 million fund approved by the country's authorities aimed at guaranteeing the exchange between bitcoins and dollars.
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