Cuban NFT artist blocked from Opensea to comply with sanctions
OpenSea, the world’s largest marketplace for NFT, said that it’s banning digital artists from all countries sanctioned by the United States. OpenSea, a nonfungible token (NFT) platform, has been prohibiting artists and collectors from Cuba, primarily due to US sanctions.30 artists and collectors have reportedly been barred from the well-known NFT marketplace up until this […]
Cuba to issue license for virtual asset service providers (VASPs)
The central bank of Cuba has announced that it will start issuance of licenses to virtual assets service providers in the country, the license will be for anyone seeking to provide virtual assets-related services. The country’s national bank, Banco Central de Cuba (BCC), said on April 26 that it will issue licenses to virtual asset […]
Cryptocurrency restrictions in Cuba takes effect
In Cuba, cryptocurrency is now legal tender for commercial transactions. The Banco Central de Cuba (BCC) — the country’s central bank — has officially released Resolution 215 of 2021, which recognises cryptocurrencies such as Bitcoin (BTC). The directive went into effect on Wednesday, according to Cuba’s official state news agency, Prensa Latina. Bitcoin and other […]
Cuba’s government states it will recognize and regulate cryptocurrencies
In the middle of a storm of protests, Cuba’s government announced that it will recognize—and regulate—cryptocurrencies as a form of payment. According to the Associated Press, Cuba’s government declared yesterday that it will recognize and regulate cryptocurrencies for financial purposes. The declaration came in the form of a resolution, which stated that the country’s central […]