Cryptocurrency Analysis and News Portal
Cuba Bitcoin hosted the meetup at the Bitcoin-friendly bar and restaurant Pazillo. Cuba Bitcoin is a lively group of Bitcoin advocates and activists whose discussions on Telegram between anonymous social media accounts that hide people’s identities, had yet to make it into the real world.The Cuba Bitcoin community complete with
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Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency
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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
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Los proveedores de servicios tendrán permitido operar con activos virtuales aprobados por el BCC, según la resolución, que no reveló más detalles. Sí especificó que los activos virtuales “no incluyen representaciones digitales de moneda fiat, valores y otros activos financieros de amplio uso en los sistemas bancarios y financieros tradicionales,
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The providers will be allowed to operate with virtual assets approved by the BCC, the resolution said, without disclosing further details. It did clarify that virtual assets “do not include digital representations of fiat currency, securities and other financial assets widely used in traditional banking and financial systems, which are
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Los cubanos no tienen Visa ni Mastercard, pero cuentan con PayWithMoon, plataforma que les permite cargar una tarjeta prepaga virtual con bitcoin (BTC). No pueden usar bancos, pero encontraron en bitcoin un banco que no requiere intermediarios y que funciona entre individuos. No son aceptados por Stripe, la omnipresente red
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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.Some sources claim that the move
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The move follows the latest sanction from the Trump administration. Source
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It’s hard to participate in the influencer economy from Cuba, but YouTuber Erich García Cruz is making it work. “We do not have access to Visa cards or Mastercard products because of the embargo,” Cruz explained. “We are monetized through YouTube.” Bitcoin is one of many tools he uses to turn those
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Cuba rolled out mobile across the country last year, and this has resulted in increased usage of cryptocurrency. Most Cubans are increasingly using cryptocurrencies to circumvent economic sanctions levied by the US to access the global marketplace. However, despite this increasing adoption, crypto still faces several challenges in Cuba. Some of
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