Cryptocurrency Faces Challenges in Cuba Regardless of Rising Crypto Adoption

Cryptocurrency Faces Challenges in Cuba Regardless of Rising Crypto Adoption, English Subtitles

Cuba rolled out cell throughout the nation final 12 months, and this has resulted in elevated utilization of cryptocurrency. Most Cubans are more and more utilizing cryptocurrencies to bypass financial sanctions levied by the US to entry the worldwide market.
Nonetheless, regardless of this rising adoption, crypto nonetheless faces a number of challenges in Cuba. A few of the challenges embrace restricted entry to cryptocurrency exchanges, lack of correct laws, in addition to the rising acceptance of the gold-backed MLM stablecoin.
Utilizing Crypto to Circumvent Sanctions
A report printed on September 12 by Reuters included passages from 35-year-old Cuban, Jason Sanchez, …
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