The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Adoption Marks New Milestone As This Island Nation Paves Way for Recognition of Digital Assets

by Daily Hodl Staff
August 28, 2021
in Blockchain

The government of Cuba has issued a formal statement regarding how the island nation intends to regulate cryptocurrencies.

In a new document issued by Gaceta Oficial, the state-run publication says that the new resolution aims to establish rules on how the Central Bank of Cuba could regulate the use of cryptocurrencies while providing a clear definition for the term “virtual asset.”

“This Resolution aims to establish the rules from which the Central Bank of Cuba regulates the use of certain virtual assets in commercial transactions, as well as the granting of licenses to providers of virtual assets services for operations related to financial, exchange and collection activities, or of payments, in and from the national territory…

A virtual asset is understood to be the digital representation of value that can be traded or transferred digitally and used for payments or investments. This term includes various meanings used for the same purposes, such as digital asset, crypto asset, cryptocurrency.”

According to the document, the Central Bank of Cuba may authorize the buying and selling of virtual assets for the benefit of the country’s society and economy.

“The Central Bank of Cuba, for reasons of socio-economic interest, may authorize the use of certain virtual assets in commercial transactions, and grant license to virtual asset service providers for operations related to the financial, exchange and collection or payment activity.”

Cuban President Miguel Díaz-Canel previously stated that he was evaluating “the convenience of using cryptocurrencies in the national economy.”

Other Latin American countries have also shown interest in the crypto space.

El Salvador made history in June by becoming the first country in the world to officially adopt Bitcoin as legal tender.

Members from the Congress of Paraguay have made public statements in favor of crypto adoption, and prominent voices inside Mexico and Panama have also publicly supported cryptocurrencies.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sean Pavone

Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0 – Pioneering Web 3.0 Innovation With Rewards and Global Events
    June 20, 2025
  • Perceptron Network Merges With BlockMesh To Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,197.38
$102,197.38
1.2%
Ethereum
$2,265.22
$2,265.22
6.48%
BNB
$628.73
$628.73
2.28%
Solana
$134.37
$134.37
3.94%
XRP
$2.05
$2.05
3.55%

Spotlight

  • Billionaire Mike Novogratz Details Massive Bitcoin Price Target, Says BTC Adoption As Macro Asset Approaching Maximum Speed
    June 14, 2025
  • 64,000,000 T-Mobile Records Containing Highly Sensitive Customer Data Allegedly Leaked Online As Mobile Giant Refutes Attackers’ Claims
    June 14, 2025
  • Hackers Target 12,184,351 Android Devices in Just Three Months in Push To Steal Credentials, Crack Bank Accounts: Report
    June 14, 2025
  • JPMorgan Chase, Bank of America and TD Bank Issue Data Breach Alerts, Say Critical Information on Several Customers Compromised
    June 14, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl