An example of how cryptocurrency is getting around regulation. Laundering money.
Skirting U.S. Sanctions, Cubans Flock to Cryptocurrency to Shop Online, Send Funds By Sarah Marsh in Reuters.
HAVANA (Reuters) - Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba.
Cuba, which in many ways remains stuck in the analogue past, may seem an unlikely hotbed for cryptocurrencies - digital tokens that use encryption techniques to secure transactions.
Yet the roll-out of mobile internet nearly a year ago has opened the way for cryptocurrency transactions, and enthusiasts have multiplied as the currency helps overcome obstacles created by U.S. sanctions on Cuba. .... "
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment