Cuba’s central bank issued Resolution 4-2026, authorizing ten firms to use cryptocurrency for cross-border payments. The beneficiaries span software developers, hospitality, and other private sectors, marking the country’s first official foray into crypto-based international transactions.
Under the licenses, cross-border payments must align with each company’s stated purposes and be conducted through a central bank-authorized virtual asset service provider (PSAV). Firms must submit quarterly operation reports detailing transaction amounts, the types of cryptocurrency used, and the intermediaries involved; violations can result in license revocation.
The move is framed as a workaround to SWIFT restrictions, aimed at preserving international trade and supporting private-sector innovation amid tightening financial controls. Local observers described the policy as a potential boost to cross-border activity under the challenging financial environment.
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