Cuba to recognise and regulate cryptocurrency 28 August 2021

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)

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