Cuban central bank to license crypto service providers

Resolution may encourage greater use of virtual currencies for remittances

havana cuba

The Central Bank of Cuba will authorise crypto asset providers under regulations published on April 26. The new rules come into force in mid-May.

The central bank will grant providers licences valid for one year, with the possibility of renewal for a further year, and will supervise asset providers.

The regulations permit non-Cuban companies to operate as “virtual asset service providers” in Cuba. Foreign banks operating in the country include BBVA, Sabadell and Scotiabank.

The central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account