Cuba opens its own exchange

[Ifemini]

I think your subject is misleading, the exchange is not own by Cuba
But the exchange is an exchange platform for people who live in Cuba.

You did not highlight further information, but I would implore anyone to do their research before using the platform

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[Vishnu.Reang]

Wow!! The world is really changing. Cuba used to be a hardcore Communist dictatorship, where private ownership of anything valuable was forbidden. Now they are allowing their citizens to own and trade in cryptocurrencies. Perhaps they realized that communism and socialism are failed ideologies, and in order to survive in the modern world, they need to throw these to the dust bin.

[TastyChillySauce00]

I think your subject is misleading, the exchange is not own by Cuba
But the exchange is an exchange platform for people who live in Cuba.

You did not highlight further information, but I would implore anyone to do their research before using the platform

Right? it's just quite rare for a government to own a crypto private exchange even I know none more specifically Cuba that we are talking about. But i still congratulate them to have a crypto exchange opened up there.

[shollyen]

I think your subject is misleading, the exchange is not own by Cuba
But the exchange is an exchange platform for people who live in Cuba.

You did not highlight further information, but I would implore anyone to do their research before using the platform

Below is the quote from the OP. He already made it clear, except it might not be well understood. What he meant to say is that the exchnage is for the people of Cuba.
This simply indicates that it is not a global exchange since the service is provided for that region alone.

There are other countries with a platform like this and many have it in numbers.
That is a good development and congratulations to the people of Cuba because it gives an easy access to Cryptocurrency/Fiat.

...Qbita Exchange, a peer-to-peer (P2P) Bitcoin exchange built in Cuba and Cuba alone., the first decentralized Bitcoin exchange in Cuba...

[Iyanu14]

Mario Mazzola, creator of the lightweight BTC wallet Qbita, launched Qbita Exchange, a peer-to-peer (P2P) Bitcoin exchange built in Cuba and Cuba alone., the first decentralized Bitcoin exchange in Cuba.

He said: I created Qbita Exchange because I always believe that here, in Cuba, BTC is a real need. Mazzola said that Qbita's development was entirely due to word of mouth: "We did not invest in advertising."
And in order for Cuba to keep pace with other regions of the world, the country needs many tools to buy, sell, use and store BTC easily and securely. “Qbita solves all these problems

Qbita developer is currently building a payment gateway for businesses that want to start accepting crypto. This initiative has not been implemented yet because e-commerce is still in its infancy in Cuba. However, money transferred from abroad is a different story. Mazzola said: “Qbita is the perfect platform to handle money transfer and I'm not saying that mathematics does it. If we compare Qbita with Western Union, a Cuban-American who sent US $ 100 from the United States to his wife in Holguin, she would receive about 95 CUC [Cuban peso conversion]. ”

Mazzola explained that if the transfer is made in BTC and the recipient sells it on arrival, he or she will see the net profit from the transaction, since BTC is sold at a high price in Cuba.
And while the whole world is going through tough times, Mazzola remains optimistic about the future of both Cuba and the cryptocurrency.

This is good news for Cuban traders.

This is a good news to hear for all of us and the Cubans.  Establishment of the new exchanges are welcoming idea, but they must be good, reliable and trustworthy for everyone to trade.  This could actually propel the interest of the Cubans more in their crypto adoption.  More good news to crypto industry.