Thursday, December 02, 2021

Cuba authorizes cryptocurrencies due to its increase in use on the island

The Central Bank of Cuba has legalized and began regulating the use of digital currencies. Thus, admitting the increase in its use by Cubans. Furthermore, it is an attempt to circumvent the sanctions regime applied by the United States.

The Central Bank of Cuba (BCC, in Spanish) put into practice a regulation to use cryptocurrencies and granted licenses for service providers that operate them.

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