According to the Daily Planet, the National Banking and Securities Commission of Honduras said in a resolution that it has banned the country's financial system from trading cryptocurrencies and similar virtual assets, citing the risk of fraud and money laundering, and that the resolution is "effective immediately." The resolution prohibits institutions under its supervision from "maintaining, investing, brokering or trading cryptocurrencies, crypto assets, virtual currencies, tokens or any similar virtual assets not issued or authorized by the central bank." Honduran law currently does not regulate crypto assets, although platforms that trade crypto assets do operate in the country. The regulator noted that since many of these platforms are registered in multiple jurisdictions, Honduran law cannot control them and they are likely to "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.