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3232Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
https://www.digit.info/report-100000-cubans-are-using-cryptocurrencies-to-bypass-financial-sanctions/
Tue, 03 May 2022 21:40:36 +0000https://www.digit.info/2022/05/03/report-100000-cubans-are-using-cryptocurrencies-to-bypass-financial-sanctions/Read more]]>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 placed on Cuba by the United States. 100,000 […]
]]>Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation
https://www.digit.info/central-bank-of-cuba-introduces-specific-virtual-asset-service-providers-regulation/
Fri, 29 Apr 2022 13:30:32 +0000https://www.digit.info/2022/04/29/central-bank-of-cuba-introduces-specific-virtual-asset-service-providers-regulation/Read more]]>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 establishing a general framework in August. Bank of Cuba Clarifies Rules […]
]]>Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
https://www.digit.info/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo-obstacles/
Sun, 13 Jun 2021 19:00:47 +0000https://www.digit.info/2021/06/13/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo-obstacles/Read more]]>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 Tourists to ‘Arrive With a Currency Other Than the […]
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 placed on Cuba by the United States. 100,000 […]
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 establishing a general framework in August. Bank of Cuba Clarifies Rules […]
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 Tourists to ‘Arrive With a Currency Other Than the […]