The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The regulations, which went into effect Thursday (Aug. 3), put a limit of 5,000 pesos on...
The White House is seeking “innovative options” to restart remittances to Cuba, it said when sending back some recommendations that had been made by the Treasury Department and State Department, Reuters reported Friday (Nov. 5). The President Joe Biden administration wants to allow Cuban Americans...
Dubai-based SFM corporate services, which has helped investors and entrepreneurs incorporate businesses in nearly 25 countries, has seen a 10% increase in business since it started accepting cryptocurrency as payment for business formation services, Gulf Business reported Thursday (Sept. 2). SFM will accept bitcoin, Ethereum,...
Cuba is opening the door to cryptocurrencies, allowing the digital currency to be used for payments in the country after it explores a framework for regulations and licensing, the Associated Press and other news outlets reported on Friday (Aug. 27). Cuba, cryptocurrencies, payments The island’s...
July 26, 2024
Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system. Havana’s decision comes at a time when the country is having its worst economic crisis since the collapse of the Soviet Union and is dealing with inflation that hit 31% […]
August 03, 2023
The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of the country’s economic crisis. The...
November 07, 2021
The White House is seeking “innovative options” to restart remittances to Cuba, it said when sending back some recommendations that had been made by the Treasury Department and State Department,...
August 27, 2021
Cuba is opening the door to cryptocurrencies, allowing the digital currency to be used for payments in the country after it explores a framework for regulations and licensing, the Associated...
