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Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
3.5.2022
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions...
Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation
29.4.2022
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after...
Banco Central de Cuba entregará licencias a proveedores de servicios de activos virtuales
27.4.2022
Las licencias serán válidas por un año y podrán ser extendidas por uno adicional, dijo el banco el martes
Bitcoin & Gold ETP, Decentralized Autonomous Billions, Bybit's Options + More News
27.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin & Gold ETP, Decentralized Autonomous Billions, Bybit's Options + More News
Cuban central bank makes it official: VASP licensing coming in May
27.4.2022
The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16
Central Bank of Cuba to License Digital Asset Service Providers
27.4.2022
Licenses will be valid for one year and may be extended for an additional year, the bank announced Tuesday
Si vivieras en Cuba bajo un embargo económico, entenderías Bitcoin
8.3.2022
Más de 60 bancos y fintechs me rechazaron solo por mi nacionalidad. Bitcoin lo soluciona
You Would Understand Bitcoin if You Were Under Cuba’s Embargo
8.3.2022
More than 60 banks and fintechs rejected me just for my nationality. Bitcoin fixes that
Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset
4.3.2022
Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing...
Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20
20.9.2021
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea
Cuba's cryptocurrency regulations take effect
16.9.2021
Crypto is now a legal method of payment for commercial transactions in the Island nation
Cuba set to recognize and regulate cryptocurrency
27.8.2021
The country had to temporarily stop accepting cash bank deposits in American dollars due to tighter restrictions set by former U.S. President Donald Trump
Wave of Adoption Continues: Cuba Set to Recognize Cryptocurrencies
27.8.2021
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,...
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
13.6.2021
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells...
Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi Cases
19.5.2021
Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across...
Cuban President Discusses Adopting Cryptocurrencies for the ‘Convenience’ of the National Economy
14.5.2021
Cuba has been actively discussing the possibility of adopting cryptocurrencies over the last few months during high-political summits. This time, the president of the Caribbean island discussed crypto assets once again during a virtual currencies topic on the summit agenda, talking about...
Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis
20.4.2021
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing...
End of Western Union Remittance Service to Cuba a Boon for Crypto
23.11.2020
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement...
Western Union Suspends US Dollar Transfers to Cuba
17.11.2020
The move follows the latest sanction from the Trump administration
Cuba’s exploding crypto interest comes amid an absence of regulation
11.11.2020
Monetary reforms and a lack of regulation mean crypto is booming in Cuba