Cuba is aiming to become the first country in North America to officially recognize and regulate cryptocurrencies. As per a recent resolution published in the Official Gazette, the Central Bank will set up rules for the use of digital assets.
Besides, it will also be working on licensing crypto service providers operating on the North American island. The strict embargo rules imposed by former U.S. President Donald Trump have made it difficult for the Cubans to use the U.S. Dollar.
Thus, a technologically savvy group in Cuba is looking at digital assets which can help them break these financial barriers.
Taking Up the El Salvador Route
Earlier this year in May 2021, the Latin American nation El Salvador made Bitcoin (BTC) a legal tender in the country along with the USD. El Salvador’s Bitcoin law is all set to go into practice next month and the preparations for the same are already in the full swing.
With crypto-assets being completely decentralized, there are no particular organiza
Źródło: https://coingape.com/cuba-is-keen-to-official-recognize-and-regulate-cryptocurrencies/
