Cuba regulates the use of digital assets for commercial transactions

The institution explained that a digital asset means "the digital representation of a value that can be digitally traded and transferred, used for payments or investments"

RIO DE JANEIRO, BRAZIL - The Central Bank of Cuba (BCC) has issued a resolution establishing rules for digital assets in commercial transactions and the licensing of providers in the sector. In a resolution, the Central Bank has also set rules for licensing institutions that work with cryptocurrencies

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In the resolution, published on Thursday, June 26, the BCC states that for reasons of socio-economic interest, it may authorize the use of certain digital assets in commercial transactions and grant licenses . . .

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