Lens1000
VIP Contributor
The Cuban bank made a statement that it will start giving licence to cryptocurrency service providers in the country. it made the pronouncement to inform new prospective cryptocurrency service providers to take advantage of the golden opportunity to take licence from the government.
The Central Bank of Cuba, Banco Central de Cuba (BCC), spoke man explained that it will give licence to the companies that are willing to provide cryptocurrency related services to the populace.
This move tells us that Cuba is ready to adopt cryptocurrency in its system. Following the pronouncement by the Central Bank of Cuba we should expect a regulatory scrutiny in cryptocurrency soon. This is the common practices of most of the countries that have the plans to issue licence to crypto currency operators. This will go a long way to causing a spike in the price of cryptocurrency market in Cuba. We have seen this type of move happening around cryptocurrency there recently in most of the countries. This is because they knew that cryptocurrency abduction will help in the economic growth. The Cuban government is not the first government that have the plans to issue licence to the cryptocurrency operators in the country .
The Central Bank of Cuba, Banco Central de Cuba (BCC), spoke man explained that it will give licence to the companies that are willing to provide cryptocurrency related services to the populace.
This move tells us that Cuba is ready to adopt cryptocurrency in its system. Following the pronouncement by the Central Bank of Cuba we should expect a regulatory scrutiny in cryptocurrency soon. This is the common practices of most of the countries that have the plans to issue licence to crypto currency operators. This will go a long way to causing a spike in the price of cryptocurrency market in Cuba. We have seen this type of move happening around cryptocurrency there recently in most of the countries. This is because they knew that cryptocurrency abduction will help in the economic growth. The Cuban government is not the first government that have the plans to issue licence to the cryptocurrency operators in the country .