Cuba’s central bank recognises cryptocurrencies

Team Luno
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  • Cuba will now recognise and regulate cryptocurrencies, as per Resolution 215 published in the state-run Official Gazette last Thursday.


  • The Resolution says the central bank will create a series of new rules on how cryptocurrencies will be used. One such rule will require related service providers to apply for commercial licenses in order to continue operations.


  • Dr. Mrinalini Tankha, a professor of anthropology at Portland State University, has been doing research on Cuba for 10 years, and says she believes this is a positive sign for Cuba and its economy.


  • “If you’re a software developer, or if you’re an NFT artist, you could actually get paid through cryptocurrency for your labor, and I think that’s where the potential actually is,” said Tankha. “It opens up a whole new economy for Cubans to participate in.”
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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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