The new resolution says the Central Bank can authorize use of cryptocurrencies “for reasons of socioeconomic interest”
This file photo taken on June 17, 2014 in Washington, DC, shows bitcoin medals which use peer-to-peer technology to operate with no central authority or banks.
A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba. The Central American nation of El Salvador recently announced it would recognise use of the cryptocurrency Bitcoin as a way to encourage remittances from its citizens living abroad.The currencies, which can wobbly wildly up and down in value, are usually independent of any central bank and use widely distributed blockchain computer codes to keep track of transfers.
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