The Cuban Central Bank (BCC) has granted approval to 10 companies, including nine small and medium-sized enterprises and one joint venture, to use cryptocurrencies for international payments. This marks the first time Cuba has issued such licenses for cross-border crypto payments. The licenses, published in the official gazette on March 23, are valid for one year and can be renewed. Companies are restricted to using crypto assets for cross-border payments related to their main business activities and must operate through virtual asset service providers (VASPs) authorized by the BCC. Additionally, they are required to report transaction amounts, currencies used, and intermediary service provider details to regulators on a quarterly basis.