Post
Topic
Board Bitcoin Discussion
Re: Cuban government stance on Bitcoin, blockchain and cryptocurrencies.
by
olemis
on 02/06/2019, 01:45:10 UTC
I think Cuba is still far from the world of technology.  they are still have trouble for accessing the internet.

Cuba , as a country at macro scale , yes . Cubans as individuals , no . Gray areas ...

  • Cuba can't connect to oceanic fiber cables due to US embargo
  • Cuba can't access mainstream financial mechanisms
  • State-run technology sector is decades behind worldwide state of the art
  • regulators are not familiar with new tech
  • ... more ...

Some recent facts :

  • 3G launched recently
  • Tests for 4G are ongoing
  • There is a new policy regulating mesh networks , formerly illegal
  • Infrastructure deployed (mainly) by Huawei
  • The President is graduated from Electronics Engineering at UCLV , best university in the country for telecomm / informatics (IMO)
  • Cuba is located in one of the regions with highest density of oceanic fiber cables
  • Russia and China (intl partners of Cuba) are developing their own independent intl. financial services, some powered by blockchain
  • there are numbers of young people, completely organized communities, who are catching up very quicky
  • ... more ...