Don't know what effect the communist regime may have on this or if it'll help or become true but hopefully it does help the people and more countries start to do things like this.
Cuba is Keen to Officially Recognize and Regulate Cryptocurrencies
Speaking of piece of shyt communist countries,
01:04Aug 27, 2021
U.Today
China’s Central Bank Says Bitcoin Has No Actual Value
China’s central bank is not willing to change its long-standing
hawkish stance on cryptocurrencies.
Yin Youping, deputy director of the Financial Consumer Rights Protection Bureau, recently said that digital assets of the likes of Bitcoin are not legal tender and have no “actual value,” according to Chinese .
He added that cryptocurrencies are “pure investment speculation,” urging people to steer clear of them.
Due to the rising popularity of cryptocurrencies, the PBOC moved to ramp up its crackdown on crypto trading.
The bank has also done a lot of work to “resolutely” clamp down on illegal cryptocurrency fundraising by cooperating with the China Banking and Insurance Regulatory Commission.
The PBOC plans to establish a working mechanism to deal with cryptocurrencies in a more severe way. At the same time, it encourages people to report crypto-related crimes.
Earlier this year,
multiple Chinese provinces moved to shut down Bitcoin mining, effectively banning the entire industry and causing the great migration of miners.