CUBA COIN

The Cuban government said Thursday that it will begin to allow citizens to use cryptocurrencies, while imposing regulations for the currency.

The country’s central bank will set rules for license providers and regulate the use of cryptocurrencies, the Official Gazette wrote, according to The Associated Press.

The resolution published in the Official Gazette states cryptocurrencies are not allowed to be used for illegal activities and the Central Bank will only allow the cryptocurrencies “for reasons of socioeconomic interest.”