• Latest
Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t

Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t

July 3, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t

coinnewsdaily by coinnewsdaily
July 3, 2019
in Litecoin
0
Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.

In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. 

Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid. 

“We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.

As Cointelegraph reported, Venezuela itself rolled out its own state-run cryptocurrency, Petro, last year. Also designed to dodge sanctions, its use has so far remained limited due to a lack of international interest.

Other states are considering following suit, such as Iran, which is facing an ever more hostile U.S. reception. 

It remains unclear whether Cuba is looking at creating its own cryptocurrency token or seeking to use an existing public one, such as bitcoin (BTC).

According to Gil Fernandez, the cryptocurrency-sponsored reforms are much needed, and would allow some form of decentralization in an economy still largely operated under soviet principles. 

There are also plans to allow companies operating in Cuba’s Mariel Special Economic Zone to receive a portion of sales in hard currency. 



Credit: Source link

Share76Tweet48
Previous Post

Is Blockchain About to Change the Gaming Industry?

Next Post

EOS, Ethereum, Bitcoin Cash, Binance Coin, Stellar

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
EOS, Ethereum, Bitcoin Cash, Binance Coin, Stellar

EOS, Ethereum, Bitcoin Cash, Binance Coin, Stellar

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,082.00-4.86%
  • ethereumEthereum(ETH)$1,131.93-7.56%
  • tetherTether(USDT)$1.000.26%
  • binancecoinBNB(BNB)$220.64-7.73%
  • rippleXRP(XRP)$0.332246-5.40%
  • cardanoCardano(ADA)$0.472863-3.73%
  • SolanaSolana(SOL)$35.34-9.62%
  • dogecoinDogecoin(DOGE)$0.065780-9.29%
  • polkadotPolkadot(DOT)$7.23-7.53%
  • daiDai(DAI)$1.000.10%
  • tronTRON(TRX)$0.065896-2.09%
  • Shiba InuShiba Inu(SHIB)$0.000010-10.09%
  • leo-tokenLEO Token(LEO)$5.74-1.03%
  • matic-networkPolygon(MATIC)$0.53-2.47%
  • litecoinLitecoin(LTC)$52.35-7.02%
  • FTXFTX(FTT)$25.37-8.12%
  • OKBOKB(OKB)$11.95-4.39%
  • chainlinkChainlink(LINK)$6.40-4.14%
  • CronosCronos(CRO)$0.117950-6.11%
  • stellarStellar(XLM)$0.112146-6.22%
  • moneroMonero(XMR)$119.23-1.77%
  • algorandAlgorand(ALGO)$0.310676-6.82%
  • cosmosCosmos Hub(ATOM)$7.21-8.83%
  • ethereum-classicEthereum Classic(ETC)$15.27-8.06%
  • bitcoin-cashBitcoin Cash(BCH)$104.69-6.54%
  • vechainVeChain(VET)$0.023148-7.24%
  • tezosTezos(XTZ)$1.51-9.23%
  • Internet ComputerInternet Computer(ICP)$5.44-8.91%
  • theta-tokenTheta Network(THETA)$1.26-7.52%
  • filecoinFilecoin(FIL)$5.51-5.32%
  • ElrondElrond(EGLD)$50.92-9.70%
  • bitcoin-cash-svBitcoin SV(BSV)$56.97-4.47%
  • eosEOS(EOS)$0.94-5.64%
  • paxos-standardPax Dollar(USDP)$1.000.05%
  • makerMaker(MKR)$961.25-5.68%
  • AaveAave(AAVE)$61.72-8.48%
  • huobi-tokenHuobi(HT)$5.07-4.56%
  • iotaIOTA(MIOTA)$0.272929-6.88%
  • zcashZcash(ZEC)$59.26-5.17%
  • neoNEO(NEO)$8.78-8.41%
  • havvenSynthetix Network(SNX)$2.626.47%
  • zilliqaZilliqa(ZIL)$0.039799-10.38%
  • basic-attention-tokenBasic Attention(BAT)$0.374273-5.95%
  • wavesWaves(WAVES)$5.28-9.37%
  • dashDash(DASH)$45.80-7.95%
  • PancakeSwapPancakeSwap(CAKE)$3.08-9.24%
  • KusamaKusama(KSM)$49.50-8.39%
  • nemNEM(XEM)$0.039623-7.40%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$48.02-6.03%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.89-6.11%
  • bitcoin-goldBitcoin Gold(BTG)$16.09-6.52%
  • omisegoOMG Network(OMG)$1.87-8.00%
  • golemGolem(GLM)$0.232198-8.38%
  • SushiSushi(SUSHI)$1.09-6.84%
  • ontologyOntology(ONT)$0.233994-7.75%
  • yearn-financeyearn.finance(YFI)$5,713.72-7.63%
  • umaUMA(UMA)$2.55-6.13%
  • digibyteDigiByte(DGB)$0.009200-9.28%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....