Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
The Central Bank of Cuba will authorise crypto asset providers under regulations published on April 26. The new rules come into force in mid-May.
The central bank will grant providers licences valid for one year, with the possibility of renewal for a further year, and will supervise asset providers.
The regulations permit non-Cuban companies to operate as “virtual asset service providers” in Cuba. Foreign banks operating in the country include BBVA, Sabadell and Scotiabank.
The central bank
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