The Cuban Central Bank planned to issue licence to crypto operators

[Lens1000]

The Cuban bank made a statement that it will start giving licence to cryptocurrency service providers in the country. it made the pronouncement to inform new prospective cryptocurrency service providers to take advantage of the golden opportunity to take licence from the government.

The Central Bank of Cuba, Banco Central de Cuba (BCC), spoke man explained that it will give licence to the companies that are willing to provide cryptocurrency related services to the populace.

This move tells us that Cuba is ready to adopt cryptocurrency in its system. Following the pronouncement by the Central Bank of Cuba we should expect a regulatory scrutiny in cryptocurrency soon. This is the common practices of most of the countries that have the plans to issue licence to crypto currency operators. This will go a long way to causing a spike in the price of cryptocurrency market in Cuba. We have seen this type of move happening around cryptocurrency there recently in most of the countries. This is because they knew that cryptocurrency abduction will help in the economic growth. The Cuban government is not the first government that have the plans to issue licence to the cryptocurrency operators in the country .

 

[Flow-er]

The cryptocurrency operators in Cuba most very happy for the development that has happened around cryptocurrency in that country. It is very important to note that the licence that was planned to be issued to the operators is a very good development that will help the cryptocurrency community in that country. There are so many operators who are very important in that area and they are not given the licence to operate cryptocurrency related activities in the country. With this notion, it is very important that operators that still has interest in this business should take advantage by collecting the licence as fast as possible.. there's no way you could operate cryptocurrency related services in any country without being given licence. Therefore, it is very important to bag a licence before you operate. If you're not given licence to operate in the country you cannot do any job there except the government accepted you. it is another way of saying that you have been given the go-ahead to work in my country. Don't be deceived that most of the lawmakers may create a cryptocurrency operating company for themselves that will make extra income. What is obtainable everywhere.

 

[Mika]

This comes as a surprise because Communist governments are not in favor of cryptocurrencies. Communist regimes are centralized regimes, however, crypto is decentralized money, and anyone with the appropriate technology can easily mine cryptos. Communist governments are also authoritarian regimes, they don't give freedom to the people, including the creation and accumulation of wealth, however, crypto is something that can help anyone to grow rich through mining, investing or trading. Cuba planning to allow crypto is very surprising news for me because Cuba is a communist country, where there is no freedom for people, they even do not allow people to create wealth. IN communist countries like Cuba, China, and North Korea, resources are under the control of the central leader. If the Cuban government is allowing crypto in the country, this indicates that the government is moving towards a capitalist economy where everyone can make money if they work hard. China has banned crypto, and there is no official news about North Korea in terms of the legality of crypto, however, if you believe the report by CIA and the BBC the North Korean regime is hacking crypto exchanges and stealing crypto to build their wealth. they are also trying to use crypto to trade internationally