🚨 Crypto is now legal for commercial use in the island of #Cuba! 🚀 Is this the beginning of a major domino effect? 👀
https://cointelegraph.com/news/cuba-s-cryptocurrency-regulations-take-effect
https://cointelegraph.com/news/cuba-s-cryptocurrency-regulations-take-effect
Cointelegraph
Cuba's cryptocurrency regulations take effect
Cuba's central bank has also instituted a regulatory regime for crypto exchanges and other cryptocurrency businesses operating in the country.
🚨#Cuba announces by May 16th, 2022 the central bank will begin accepting applications for a license to allow companies to offer Virtual Asset Services 😮💨🇨🇺⬇️
https://cointelegraph.com/news/cuban-central-bank-makes-it-official-vasp-licensing-coming-in-may
https://cointelegraph.com/news/cuban-central-bank-makes-it-official-vasp-licensing-coming-in-may
Cointelegraph
Cuban central bank makes it official: VASP licensing coming in May
The document states that those organizations that do not operate under this license and are required to do so must face penalties in line with existing banking and financial rules in the island nation.
🚨#Cuba has heard of an alternative and it’s called #Bitcoin. 🇨🇺😁
Cuban residents dive into #cryptocurrency to avoid the #US sanctions opposed onto them. 🇺🇸
See it all below. ⬇️
https://finbold.com/cuban-residents-turn-to-crypto-in-the-face-of-u-s-sanctions-and-collapsing-currency/
Cuban residents dive into #cryptocurrency to avoid the #US sanctions opposed onto them. 🇺🇸
See it all below. ⬇️
https://finbold.com/cuban-residents-turn-to-crypto-in-the-face-of-u-s-sanctions-and-collapsing-currency/
Finbold
Cuban residents turn to crypto in the face of U.S. sanctions and collapsing currency
After the Banco Central de Cuba announced at the end of April that it would issue licenses for VASPs more has been made of the use of crypto.