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2019-07-03 20:00:49

Cuba seeks refuge from US government sanctions through cryptocurrency?

Cuba just announced that it would be looking into the possibilities of launching a national cryptocurrency in order to try to boost its economy with successful cryptocurrency module(s). However, the theory that the attempt is to sideline US sanctions is already on the rise. Venezuela took one for the team. Being the top Cuban ally, the country showed Cuba that it takes more than just cooking up a cryptocurrency to survive in the market by its own example. Petro, as the cryptocurrency from Venezuela is dubbed, was taken on a landslide ride when it debuted. The main problem lies here