en
Back to the list

The Central Bank of Cuba will allow the use of cryptocurrencies for reasons of socio-economic interest

source-logo  ccnews24.net 27 August 2021 13:57, UTC

After Salvador changed the history of cryptocurrencies at the beginning of June this year, we have another country here that has decided to adopt crypto, and that is Cuba.

According to Ap News, the Cuban government announced this in a resolution on Thursday, which states that the rules for cryptocurrencies as well as licenses for providers will soon be set by the central bank.

The resolution states that the central bank may allow the use of cryptocurrencies "for reasons of socio-economic interest", with the addition that the state must ensure that all operations are under control.

One of the most important findings from the resolution is also the addition that the state must ensure that cryptocurrency transactions are never used for illegal activities.

Let's also remember the gigantic Bitcoin Airdrop, which should take place in Salvador next month, which includes the delivery of $30 in Bitcoin to every citizen who starts using the BTC government wallet.

ccnews24.net