With "Cubazon" unilaterally acting as the heavily-guarded gateway to the global Internet any talks about introducing crypto-currencies into the Cuban economy look today as some cosmic opera's episode, where the Blockstream Satellite fleet boldly assaults Coruscant's airspace with Luke Skywalker speeches' broadcasts. Among other proposed solutions is, for example, stretching WiFi from the Key West to the island with WF dishes and then spreading micro-solar panels with antennas all over Havana's roof-tops (see the whole discussion of this hilarious proposal).
However, until a practically feasible answer to the question of how to breach the on-line wall, separating Cuba from the rest of the world, would be found Banco Central de Cuba (BCC) has absolutely nothing to fear from part of crypto-revolutionaries. Moreover, even if, say, Mask's Starlink will find a way to crash or by-pass legal and physical obstacles on its way to bathe Cuba in high-speed Internet access, local regulators, armed to their teeth with the marxist-leninist ideology and omni-present police surveillance apparatus, will have no difficulties what so ever to make Cuban future crypto-community's life difficult as hell.
Business Notes for Startups Founders:
political climate: prohibitive;
economic climate: hostile;
regions to focus: locally;
industries to focus: e-commerce, FinTech;
major limitations: government politics towards private entrepreneurship and Internet access;
opportunities: very high educational level of population (almost 100%).
Cryptocurrencies and ICOs (outlook): absent (negative).
The author: Svyatoslav (Svet) Sedov
Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA.
Twitter: https://twitter.com/SvjatoslavSedof
Crypto should beneficial for the people in Cuba.
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