2019-7-17 23:00 |
Cuba highlights the difference between bitcoin and corporate token projects like Facebook's Libra.
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Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments.
“Blockchain is decentralised and doesn’t obey any governments, so no embargo affects us there”, NFT artist Gabriel Bianchini explained.
A report from NBC News states over 100,000 Cubans are using bitcoin and other cryptocurrencies to escape harsh conditions created by international sanctions.
The Cuban central bank issued new directives for virtual assets service providers operating in the country to increase regulation of the crypto industry, Reuters reported. The post Cuba embraces crypto regulation with new directive appeared first on CryptoSlate.
Fulfilling its original vision to motivate people to be more active, Sweatcoin is about to bring tens of millions of new users into the Web3 ecosystem. The post Sweatcoin is bringing 64M users into Web3 appeared first on CryptoSlate.
As political demonstrations show the world that Cubans are tired of dictatorship, Bitcoin is providing an option to peacefully protest and opt out of a broken system.
Demand for hard currency, such as dollars or euros, is rising in Cuba. Efforts to end the nation’s dual currency system have prompted fear of instability, encouraging citizens to seek out potentially less volatile vehicles to store wealth in, weirdly enough, such as Bitcoin.