US lifts financial restrictions against Cuba to boost private businesses

Reported 6 months ago

The United States has lifted some financial restrictions against Cuba to support private businesses on the island, allowing independent entrepreneurs to open and access U.S. bank accounts online. The measure also aims to enhance internet-based services and expand private companies' financial capabilities. The Treasury Department clarified that the changes are intended to help Cuban people, particularly independent private sector entrepreneurs, and not benefit Cuban officials or Communist Party members.

Source: YAHOO

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