{"id":32786,"date":"2020-12-03T16:51:26","date_gmt":"2020-12-03T14:51:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32786"},"modified":"2025-08-28T10:25:40","modified_gmt":"2025-08-28T07:25:40","slug":"cuba-turns-to-bitcoin-amid-u-s-sanctions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cuba-turns-to-bitcoin-amid-u-s-sanctions\/","title":{"rendered":"Cuba Turns to Bitcoin Amid U.S. Sanctions"},"content":{"rendered":"<p>Cubans have increasingly turned to cryptocurrencies after the tightening of U.S. sanctions. This is reported by <a href=\\\"https:\/\/www.dw.com\/es\/startup-en-cuba-evita-con-bitcoins-el-bloqueo-de-ee-uu\/a-55789167\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Deutsche Welle<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>On November 23, Western Union closed 407 offices in Cuba amid restrictions on money transfers to the country.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Only for our U.S. customers. Important information: send money to family and loved ones in Cuba before the deadlines.<br \/>\nSend before: November 22, 2020 11:00 PM U.S. EST.<br \/>\nPick up no later: November 23, 2020 at 6:00 PM CUBA TIME.<br \/>\nFor more information click below.<\/p>\n<p>\u2014 Western Union (@WesternUnion) <a href=\\\"https:\/\/twitter.com\/WesternUnion\/status\/1327369432356835336?ref_src=twsrc%5Etfw\\\">November 13, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>To circumvent sanctions, Cubans have begun using Bitcoin and some altcoins through the cryptocurrency platform BitRemesas. According to the company, the volumes of many transfers do not exceed $20, and the number of active holders of digital assets in the country is around 10,000.<\/p>\n<blockquote>\n<p>&#8220;More and more Cubans are using cryptocurrencies to purchase or pay for online services&#8230; This is an alternative currency with new possibilities to which there is access,&#8221; BitRemesas said.<\/p>\n<\/blockquote>\n<p>Earlier, Cuba <a href=\"https:\/\/u1f987.com\/en\/news\/google-trends-interest-in-bitcoin-grows-in-cuba\">rose to second place<\/a> in the number of search queries related to Bitcoin. In terms of interest in the first cryptocurrency, the country trailed only Nigeria.<\/p>\n<p>In 2019, Cuban authorities studied the possibility of using digital assets in national and international commercial operations to circumvent U.S. sanctions and mitigate the consequences of the economic crisis.<\/p>\n<p>Venezuela has also <a href=\"https:\/\/u1f987.com\/en\/news\/venezuela-to-expand-use-of-cryptocurrencies-to-bypass-sanctions\">considered<\/a> cryptocurrencies as a tool to counter economic sanctions.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cubans have increasingly turned to cryptocurrencies after the tightening of U.S. sanctions. Deutsche Welle reports this.<\/p>\n","protected":false},"author":1,"featured_media":32787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,2010,686],"class_list":["post-32786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cuba","tag-sanctions"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32786"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32786\/revisions"}],"predecessor-version":[{"id":32788,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32786\/revisions\/32788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32787"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}