Cuba to recognise and regulate cryptocurrencies

  • Cuba’s government has said it will recognise ‘ and regulate ‘ cryptocurrencies for payments on the island.
  • A resolution published in the Official Gazette on Thursday said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
  • The popularity of such currencies has grown among a technologically savvy group in Cuba as it has become harder to use dollars, in part because of toughened embargo rules imposed under former President Donald Trump.
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