The Cuban government plans to recognise and regulate cryptocurrencies for payments. According to a resolution published in the Official Gazette, Cuba’s central bank will establish rules for mainstreaming cryptocurrency transactions and will license businesses providing crypto-related services. Some sources claim that the move to allow cryptocurrency as legal tender has been well received by Cuba’s tech-savvy population as the country had to temporarily stop accepting cash bank deposits in United States dollars, given tighter restrictions set by U.S. authorities.
Source: https://www.aljazeera.com/news/2021/8/27/cuba-to-recognise-regulate-cryptocurrency-govt-resolution
CH-019182 (Webpage Portal) 2021-08-28 (Published) 2021-09-01 (Updated)
