Cuba May Officially Allow Cryptocurrency

Cuba aims to become the first country in North America to officially recognize and regulate cryptocurrencies.According to a recent decree published in the Official Gazette, the Central Bank will establish rules for the use of digital assets.

In addition, he will work on licensingcryptocurrency service providers operating on the island. Strict embargo rules imposed by former US President Donald Trump have made it difficult for Cubans to use the US dollar.

As such, a tech-savvy group in Cuba is exploring digital assets that can help overcome these financial barriers.

Since crypto assets are completelydecentralized, there are no specific organizations that monitor the flow of money. With the US imposing restrictions on sending cross-border payments to Cuba, cryptocurrencies are becoming an excellent alternative for its residents.

In the resolution of the "Official Gazette"it is mentioned that the Central Bank has the right to authorize the use of digital assets "for reasons of a socio-economic nature." However, the state seeks to maintain control over operations and will ensure that cryptocurrency transfer operations are not associated with illegal activities.

Cuban cryptocurrency expert Erich Garcia noted that indigenous people are already actively using digital assets to shop online through gift cards.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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