The country of Cuba has recently entered the cryptocurrency space by launching a memecoin, which was quickly followed by a second token launch just ten minutes later. Reports indicate that the initial coin was 'rugged,' meaning the developers abandoned the project after a rapid price increase, leading to significant losses for early investors. The launch has sparked discussions about the implications of countries engaging in cryptocurrency projects, with some observers noting the potential for scams and pump-and-dump schemes. The rapid succession of token launches has drawn attention, with claims that Cuba has already launched four different coins. This development comes shortly after the inauguration of a new presidency in Cuba, raising questions about the future of cryptocurrency regulation and oversight in the country.