Lyman Manzanares

Cuba to recognize and regulate crypto

Published: (Updated: ) in Bitcoin as Legal Tender by .

“Resolution 215, which was published Thursday in the state-run Official Gazette, says the central bank will set new rules for how to deal with digital currencies. Commercial providers of related services will now need a license from the central bank to continue operations. In 2020, Western Union, a particularly significant channel for remittances that had been operating in Cuba for more than 20 years, shuttered all of its 400-plus locations, amid increasingly aggressive Trump-era sanctions. CNBC/Crypto Decoded

 

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