cuba – Page 2 – DIGIT INFO

Cuban NFT artists say they face censorship within the crypto market

“Blockchain is decentralised and doesn’t obey any governments, so no embargo affects us there”, NFT artist Gabriel Bianchini explained.

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Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions

On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the […]

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Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions

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 […]

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Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation

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 […]

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Cuban central bank makes it official: VASP licensing coming in May

The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16.

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Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset

Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being […]

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Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20

Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea.

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Cuba’s cryptocurrency regulations take effect

Crypto is now a legal method of payment for commercial transactions in the Island nation.

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Cuba set to recognize and regulate cryptocurrency

The country had to temporarily stop accepting cash bank deposits in American dollars due to tighter restrictions set by former U.S. President Donald Trump.

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Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’

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 […]

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