Cuba "Studying Cryptocurrency" To Dodge U.S. Sanctions, Says Gov't

Zero Hedge | 7/3/2019 | Staff
liizu (Posted by) Level 3
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Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.

In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.

Cuba - Effect - Crisis - Venezuela - Source

Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.

“We are studying the potential use of cryptocurrency... in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.

Cointelegraph - Venezuela

As Cointelegraph reported, Venezuela itself rolled out its own...
(Excerpt) Read more at: Zero Hedge
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