Cuba set to recognize and regulate cryptocurrency

Cointelegraph

Published Aug 27, 2021 08:01AM ET

Updated Aug 29, 2021 10:20AM ET

The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments.

According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide.

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