• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Cuba Set to Recognize Cryptocurrencies

August 27, 2021
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Related articles

Amazon Developing Blockchain & NFTs Gaming Platform: Report

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023

The government of Cuba has announced it will recognize cryptocurrencies and regulate their use for payments on the Caribbean island.

A resolution published in the Official Gazette said that the Banco Central de Cuba (BCC), the country’s central bank, will develop a set of rules for crypto, and define how to license providers of related services in the Cuban market.

The BCC can authorize the use of cryptocurrencies “for reasons of socio-economic interest, may authorize the use of certain virtual assets in commercial transactions, and grant a license to virtual asset service providers for operations related to financial, exchange, and collection activities or payments,” according to the resolution.

This said, such operations must be controlled by the state authorities, and they cannot involve activities that are deemed illegal in Cuba, the document said.

The latest development follows crypto-related proposals put forward by the Congress of the Communist Party of Cuba (PCC), the country’s central policy-making hub, last May. In its proposals, the body suggested studying how crypto could help dig the country out of its financial woes.

Prior to this, Cuban President Miguel Díaz-Canel discussed possible crypto adoption plans in a “virtual meeting” with regional governors and senior politicians.

With the country’s economic situation spiralling down, cryptocurrencies have rapidly grown popular among an increasing segment of Cuba’s population, the Associated Press reported.

The trend has been amplified by Cubans’ shrinking access to dollars, partly due to the stricter embargo rules introduced under the administration of former US President Donald Trump. Local crypto expert Erich García said that some Cubans are already using crypto for online purchases.

At the same time, Cuba’s communist party maintains a tight grip on the online activities of the country’s citizens, and recently-introduced telecommunications regulations have been criticized by non-governmental organizations such as the Committee to Protect Journalists (CPJ) as violating free speech and bolstering the state’s control of the Internet.

(Photo: pixabay)

Credit: Source link

ShareTweetSendPinShare
Previous Post

CryptoPunks Whales Stick to Larva Labs, Have Highest NFT Market Cap – Report

Next Post

Vogue Brings NFTs To Fashion Magazines World

Related Posts

Amazon Developing Blockchain & NFTs Gaming Platform: Report

January 28, 2023

Last updated Jan 28, 2023 Reportedly Amazon is working on the development of Blockchain & NFTs-based projects to provide blockchain...

Biggest Crypto Gainers Today – January 27

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The bearish sentiments within the crypto industry...

U.S. Representative French Hill offers insights into digital asset regulations

January 27, 2023

To guarantee that "America remains the home for innovation in fintech and blockchain," the chairman of a recently established congressional...

Storj Price Prediction for Today, January 27: STORJ/USD Hits $0.40 Resistance

January 27, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Storj price prediction reveals that STORJ...

BTC/USD Ranges as Price Targets $24k Resistance

January 27, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction is falling again...

Load More
Next Post

Vogue Brings NFTs To Fashion Magazines World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

LUNC Price Prediction – Set To Break Its Monthly High This Weekend?

January 13, 2023

First Virtual Banks By 2025 From Bank Of Thailand

January 16, 2023

DOGE Price Prediction – $0.10 Is Just A Few Cents Away

January 19, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Amazon Developing Blockchain & NFTs Gaming Platform: Report
  • BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
  • Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,111.001.17%
  • ethereumEthereum(ETH)$1,601.012.16%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.05%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • binancecoinBNB(BNB)$309.221.99%
  • rippleXRP(XRP)$0.4133531.65%
  • binance-usdBinance USD(BUSD)$1.00-0.05%
  • cardanoCardano(ADA)$0.3917274.73%
  • dogecoinDogecoin(DOGE)$0.0886574.03%
  • matic-networkPolygon(MATIC)$1.155.40%
  • okbOKB(OKB)$38.928.93%
  • solanaSolana(SOL)$24.633.53%
  • staked-etherLido Staked Ether(STETH)$1,597.832.18%
  • polkadotPolkadot(DOT)$6.613.44%
  • shiba-inuShiba Inu(SHIB)$0.0000123.11%
  • avalanche-2Avalanche(AVAX)$20.8816.85%
  • litecoinLitecoin(LTC)$89.182.38%
  • tronTRON(TRX)$0.0630972.16%
  • uniswapUniswap(UNI)$6.883.88%
  • daiDai(DAI)$1.00-0.06%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,121.001.64%
  • cosmosCosmos Hub(ATOM)$13.716.65%
  • ToncoinToncoin(TON)$2.617.14%
  • chainlinkChainlink(LINK)$7.435.04%
  • leo-tokenLEO Token(LEO)$3.70-0.29%
  • moneroMonero(XMR)$179.214.91%
  • ethereum-classicEthereum Classic(ETC)$22.112.57%
  • AptosAptos(APT)$17.86-0.41%
  • bitcoin-cashBitcoin Cash(BCH)$134.931.34%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0938803.18%
  • apecoinApeCoin(APE)$6.250.72%
  • nearNEAR Protocol(NEAR)$2.627.10%
  • quant-networkQuant(QNT)$153.504.02%
  • crypto-com-chainCronos(CRO)$0.0821813.30%
  • filecoinFilecoin(FIL)$5.451.69%
  • lido-daoLido DAO(LDO)$2.425.86%
  • algorandAlgorand(ALGO)$0.2631828.69%
  • vechainVeChain(VET)$0.0248965.53%
  • hedera-hashgraphHedera(HBAR)$0.0697354.36%
  • internet-computerInternet Computer(ICP)$6.025.29%
  • axie-infinityAxie Infinity(AXS)$12.055.60%
  • decentralandDecentraland(MANA)$0.739.52%
  • aaveAave(AAVE)$87.511.45%
  • the-sandboxThe Sandbox(SAND)$0.776.86%
  • fantomFantom(FTM)$0.4779971.48%
  • eosEOS(EOS)$1.110.81%
  • flowFlow(FLOW)$1.103.09%
  • elrond-erd-2MultiversX(EGLD)$45.545.16%