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Topic: Cuban government stance on Bitcoin, blockchain and cryptocurrencies. - page 2. (Read 415 times)

hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
However, there is still huge potential for growth of the crypto sector as it could potentially enter Cuba if citizens decide to invest in crypto. This might be the case since Cuba has one of the biggest restrictions on people’s lives. It is conceivable that citizens might opt to use crypto to gain economic freedom."

You can read it at full here
If by the end of 2018 in Cuba only started to enter the Internet, the Cubans still have a long way to master it, before they switch to the use of cryptocurrency. For more than sixty years, this country has been in isolation and in self-isolation. Now the people of Cuba are starting to get acquainted with the outside world in a new way, because the construction of socialism has actually thrown them away in development more than half a century ago.

That's highly untrue. I've been going to Cuba for the last 6 years and they've had internet access since 2016. It is scarce and you need to go to wifi access point in order to do so.
But many people in IT and engineers know about cryptocurrencies in Cuba.
If the government have no stance on it, then it is not "illegal". Knowing the right people a project could be set up there.
I'm looking into something that could be major for the Cuban people and would partially free them from their "double currency" system.
Anyone would have official statements or so please post.
Be careful of *el paredón*. Cheesy
Cuban government doesn't like foreigners intruding on their island and putting imperialist ideas on the minds of their slaves citizens.
sr. member
Activity: 882
Merit: 301

With help from other Cuban expats in western countries and a system which I'm brainstorming about, crypto not being "illegal" officially, most likely only ignored.
There is HUGE potential there.
And on a note, I am in contact with a couple young adults that just graduated from Havana university in different major, most of them not being technology, A LOT knows about Bitcoin and Ethereum mostly, other cryptos rest ignored.

I don't know if they can help out but you can still try to contact the team at Dash and explain your plan. They have been instrumental in helping out Venezuelans, perhaps they can also do the same in Cuba.
sr. member
Activity: 1008
Merit: 355
As for me, even if they would have internet access or contact outside their country, it will still take time for them to access cryptocurrency. They will be needing time to study about its purpose and the function of it. It will still take a long process of learning. I wonder if they would have an interest in crypto market if their technology hasn't been well developed.

Cuba is a very interesting country and right now people have already access to the internet (started last December 2018) which can be opening doors for cryptocurrency market to slowly evolve. Right now, I think there is no official stance from the government whether they have the inclination to make cryptocurrency legal or banned (just like China). Will this mean that people will soon demand from the government to allow them to join the cryptocurrency movement? Most likely the government will not allow such a thing.

Here is an interesting read on the same topic: https://bitcoinnews.com/internet-comes-to-cuba-will-cubans-comes-to-crypto/

Cuba is a country ruled by leaders who do not believe so much on an open market and the government controlled almost all aspects of the people's lives. I think this is a situation that cryptocurrency will not grow and flourish though the potential is really there.
full member
Activity: 924
Merit: 148
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
Now we now that they can have cryptocurrencies lol. It would be nice if after the next step people in Cuba would get access to money. Why should anyone bother about this country? There is no projects there and even most people in Cuba are not wealthy enough to own any amount of money that can make an influence on crypto market.
You are actually underestimating Cuba.. look at Venezuela, for example.. they were in the same situation as Cuba (or even worse) a few years ago and nowadays they have a really huge community inside the cryptos world.
You can't forget that it is not only wealthy people that can influence the cryptos market
Venezuela is even worse. Their crypto community mostly consist of bounty and airdrop hunters.  People in a country with an average income about $10 per month can't make a decent community. The only global thing that Venezuela brings to crypto is different kinds of FUD and reputation loses. Don't be surprised that people associate cryptocurrencies with illegal activities.
hero member
Activity: 1274
Merit: 519
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That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
Now we now that they can have cryptocurrencies lol. It would be nice if after the next step people in Cuba would get access to money. Why should anyone bother about this country? There is no projects there and even most people in Cuba are not wealthy enough to own any amount of money that can make an influence on crypto market.
You are actually underestimating Cuba.. look at Venezuela, for example.. they were in the same situation as Cuba (or even worse) a few years ago and nowadays they have a really huge community inside the cryptos world.
You can't forget that it is not only wealthy people that can influence the cryptos market

Well, Venezuela's economy is suffering today due to hyper inflation and not even crypto can save them. The link had been published last 2018 and upon looking for further news on how is Cuba doing with regards to cryptocurrency adaptation I cannot find any sources or articles regarding it. I never knew that Cuba lacked businesses or infrastructures that focuses on internet, they had been late when it comes to technology and cryptocurrency. I hope that crypto will soon reach the mass so that everyone can take advantage of it's convenience and opportunities.
legendary
Activity: 3542
Merit: 1352
Don't get me wrong, Cuba is a lovely place and is basically one good visit in the Carribean, but the island is literally lacking on infrastructure focusing on the internet and other telecoms for the outside world. I don't think there are any legal stance on Cuba regarding bitcoin and crypto just yet, and perhaps they are focusing on things other than a new asset/currency (internal politics, societal development etc.) Always slow news on the said country, and for months I haven't seen any article regarding this lovely island apart from travel guides and whatnot.
legendary
Activity: 2282
Merit: 1041

There is always a room for countries to adapt crypto, if Cuba doesn't have issues with BTC or to cryptocurrencies, a little encouragement to citizens who learned crypto and start using. All it needs is a company that shall start a BTC payment system just like what happen in our country and people will then try to use the company's project to pay bills.
jr. member
Activity: 80
Merit: 3
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
Now we now that they can have cryptocurrencies lol. It would be nice if after the next step people in Cuba would get access to money. Why should anyone bother about this country? There is no projects there and even most people in Cuba are not wealthy enough to own any amount of money that can make an influence on crypto market.
You are actually underestimating Cuba.. look at Venezuela, for example.. they were in the same situation as Cuba (or even worse) a few years ago and nowadays they have a really huge community inside the cryptos world.
You can't forget that it is not only wealthy people that can influence the cryptos market

+1

With help from other Cuban expats in western countries and a system which I'm brainstorming about, crypto not being "illegal" officially, most likely only ignored.
There is HUGE potential there.
And on a note, I am in contact with a couple young adults that just graduated from Havana university in different major, most of them not being technology, A LOT knows about Bitcoin and Ethereum mostly, other cryptos rest ignored.
jr. member
Activity: 80
Merit: 3
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
However, there is still huge potential for growth of the crypto sector as it could potentially enter Cuba if citizens decide to invest in crypto. This might be the case since Cuba has one of the biggest restrictions on people’s lives. It is conceivable that citizens might opt to use crypto to gain economic freedom."

You can read it at full here
If by the end of 2018 in Cuba only started to enter the Internet, the Cubans still have a long way to master it, before they switch to the use of cryptocurrency. For more than sixty years, this country has been in isolation and in self-isolation. Now the people of Cuba are starting to get acquainted with the outside world in a new way, because the construction of socialism has actually thrown them away in development more than half a century ago.

That's highly untrue. I've been going to Cuba for the last 6 years and they've had internet access since 2016. It is scarce and you need to go to wifi access point in order to do so.
But many people in IT and engineers know about cryptocurrencies in Cuba.
If the government have no stance on it, then it is not "illegal". Knowing the right people a project could be set up there.
I'm looking into something that could be major for the Cuban people and would partially free them from their "double currency" system.
Anyone would have official statements or so please post.
sr. member
Activity: 1596
Merit: 335
As for me, even if they would have internet access or contact outside their country, it will still take time for them to access cryptocurrency. They will be needing time to study about its purpose and the function of it. It will still take a long process of learning. I wonder if they would have an interest in crypto market if their technology hasn't been well developed.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
As I see, cuban government doesn't have any stance towards bitcoin yet. They let people there on the ignorance, with no contact with external world, so there is no need to even talk about bitcoin, as most people probably don't know what it is.
The internet access there is scarce and expensive, but slowly the internet adoption is increasing (how absurd it is!), so it will take a long time until they start talking about bitcoin. Once it happens, then the dictatorship may start talking about crypto currency as well.
full member
Activity: 938
Merit: 137
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
However, there is still huge potential for growth of the crypto sector as it could potentially enter Cuba if citizens decide to invest in crypto. This might be the case since Cuba has one of the biggest restrictions on people’s lives. It is conceivable that citizens might opt to use crypto to gain economic freedom."

You can read it at full here
If by the end of 2018 in Cuba only started to enter the Internet, the Cubans still have a long way to master it, before they switch to the use of cryptocurrency. For more than sixty years, this country has been in isolation and in self-isolation. Now the people of Cuba are starting to get acquainted with the outside world in a new way, because the construction of socialism has actually thrown them away in development more than half a century ago.
sr. member
Activity: 684
Merit: 403
Leading Crypto Sports Betting & Casino Platform
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
Now we now that they can have cryptocurrencies lol. It would be nice if after the next step people in Cuba would get access to money. Why should anyone bother about this country? There is no projects there and even most people in Cuba are not wealthy enough to own any amount of money that can make an influence on crypto market.
You are actually underestimating Cuba.. look at Venezuela, for example.. they were in the same situation as Cuba (or even worse) a few years ago and nowadays they have a really huge community inside the cryptos world.
You can't forget that it is not only wealthy people that can influence the cryptos market
full member
Activity: 924
Merit: 148
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
Now we now that they can have cryptocurrencies lol. It would be nice if after the next step people in Cuba would get access to money. Why should anyone bother about this country? There is no projects there and even most people in Cuba are not wealthy enough to own any amount of money that can make an influence on crypto market.
sr. member
Activity: 684
Merit: 403
Leading Crypto Sports Betting & Casino Platform
That was the only crypto news I remember reading about Cuba
"December 6, 2018, will be a major milestone for the history of Cuba. It will be the first time that residents are able to access the internet on their mobile devices. This could potentially let Cubans embrace crypto. With the news still breaking, no exchange has made a push to access the region. However, it is presumed that there will not be any firewall restrictions.
....
However, there is still huge potential for growth of the crypto sector as it could potentially enter Cuba if citizens decide to invest in crypto. This might be the case since Cuba has one of the biggest restrictions on people’s lives. It is conceivable that citizens might opt to use crypto to gain economic freedom."

You can read it at full here
jr. member
Activity: 80
Merit: 3
Dear community,

Would anyone have informations, press releases or official statements from Cuba (Government or newspaper or experts) on the status of legality of our beloved ecosystem on the island?

Feel free to post links even if in spanish.
Any links to Cuban crypto communities also.

Any types of informations regarding Cuban communities and/or legal status (regulated, unregulated or banned)

Thank you
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