Cuban crypto enthusiasts can now breathe a sigh of relief. On Thursday, its Central Bank said it will recognize and regulate virtual assets. The resolution will take effect on September 15th. However, it insists that cryptocurrencies will be used for socioeconomic interests and nothing illegal.
How Cuba’s central bank defines virtual assets
The government said that it will recognize the use of virtual assets. Where do cryptocurrencies come into the picture? Let’s go deeper into the Cuban Central Bank’s statement.