Sakshi Education
On August 26, 2021 Government of Cuba announced to recognize and regulate crypto-currencies for payment in the Island nation. This decision was taken following the popularity of crypto-currencies increased among a technologically savvy group in Cuba as it became harder to use dollars.
As per officials, Central Bank will set rules for such currencies. It will also determine how to license the providers of related services in Cuba. Crypto-currencies are used for long-distance transactions and are supposedly anonymous. Thus, they are often popular among people who are attempting to evade government regulations.
Published date : 28 Aug 2021 02:43PM
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