10000 cubans using Bitcoin to Skirt US sanctions

Cuba, which has suffered under an US embargo for multiple decades, has about 10,000 of its citizens now using cryptocurrencies, especially Bitcoin, to get around such sanctions and buy things from international markets. This kind of market may eventually be the saving grace for privacy based coins such as Monero and Zcash as KYC/AML permeates throughout the more popular cryptocurrencies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s