Market Cap
24h Vol
7054
Cryptocurrencies
82559
Markets
Cryptopolitan
2019-09-29 18:29:54

Crypto in Cuba: Overview of Cuban crypto market as it explores state-backed crypto

Crypto in Cuba faces various challenges as the government explores a state-backed cryptocurrency. After the launch of mobile internet in Cuba many people are turning to cryptocurrencies to avoid the sanctions placed by the United States. Crypto in Cuba: Limited interaction The country has had limited access to cryptocurrencies. This is because many of the leading cryptocurrency exchanges do not allow Cuban residents to access their website. These include Binance that has barred 29 countries from using the exchange as well as Coinbase, Bittrex among many others. In research conducted by Mosaic.io, it was reported that nineteen of the forty-four cryptocurrency