Cuba

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Cuba has seen grassroots Bitcoin adoption as a way to receive remittances from the diaspora and conduct peer-to-peer commerce under US economic sanctions. With limited access to traditional banking and international payment systems, many Cubans use Bitcoin and Lightning Network payments to receive money from family abroad. Cuba's central bank has acknowledged cryptocurrency usage without a formal regulatory framework.

Details

Region
Caribbean
Notable For
Grassroots Lightning Network adoption for international remittances; Bitcoin as workaround for sanctions
Adoption Driver
US economic sanctions, banking exclusion, remittances from diaspora
Bitcoin Legal Status
Not formally regulated; tolerated for remittances

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