Current location:world >>
US opens up banking to private Cuban businesses as it aims to boost private sector
world168People have gathered around
IntroductionWASHINGTON (AP) — The U.S. lifted some financial restrictions against Cuba on Tuesday, in a move des ...
WASHINGTON (AP) — The U.S. lifted some financial restrictions against Cuba on Tuesday, in a move designed to boost private businesses on the island.
The measures will allow independent entrepreneurs to open and access U.S. bank accounts online to support their businesses. Other measures include steps to open up more internet-based services and expand private companies’ ability to use certain financial transactions.
“These regulatory amendments update and clarify authorizations in support of internet-based services to promote internet freedom in Cuba, support independent Cuban private sector entrepreneurs, and expand access to certain financial services for the Cuban people,” the Treasury Department said in a news release.
One of the key changes would allow Cuban private business owners to open bank accounts in the United States and then access them online once back in Cuba — something they couldn’t do previously. The U.S. also is again allowing something called U-turn transactions, where money is transferred from one country to another but is routed through the United States.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Channels news portal”。http://janmayen.boluescortbayan.net/article-53b699313.html
Related articles
Addison Rae showcases her figure in a white bikini as she poses with horses on a beach in Mexico
worldAddison Rae showcased her curves in a white bikini top as she posed with horses on a beach in Mexico ...
【world】
Read moreMental health review to follow Sydney stabbing attack: Australian PM
worldCANBERRA, April 15 (Xinhua) -- Australian Prime Minister Anthony Albanese has flagged a national rev ...
【world】
Read moreFormer shoemaker admits he had an illegal gambling operation in his Brooklyn shop
worldNEW YORK (AP) — A former shoemaker pleaded guilty Tuesday to allegations that he ran an illegal gamb ...
【world】
Read more
Popular articles
- Georgia parliament overrides presidential veto of foreign influence bill
- 'The million
- New leader of Jesse Jackson's civil rights organization steps down just months on the job
- Cowboys add veteran Royce Freeman, but running back remains a position of need in the draft
- Leverkusen trio of Schick, Hložek, Kovář in Czech Republic squad for Euro 2024
- How major US stock indexes fared Tuesday, 4/16/2024
Latest articles
New coach Sheldon Keefe embraces Stanley Cup expectations with the Devils
Paris Hilton, 43, shows off her toned figure in a leopard
The Dallas Stars can still score. They are now deeper and more balanced going into the NHL playoffs
America's electric vehicle push happened 'too soon and too fast,' warn ex
Mike Tyson breaks his silence after medical emergency
Senate opposition leaves South Carolina energy bill with listless future
LINKS
- China Focus: Chinese Leadership Analyzes Economic Situation, Work
- Scenery of Arxan National Forest Park in north China's Inner Mongolia
- Sceneries of Hutuo River after ecological restoration in Shijiazhuang, N China
- Nanjing County in Fujian develops tourism industry and local economy in sustainable way
- Historical community grows with new vitality in China's Guangdong
- Scenery of Baiyangdian Lake in Xiongan New Area, N China's Hebei
- 'A Good Official We Cannot Do Without'
- Scenery of Xilingol Grassland in Inner Mongolia
- Xi Meets Representatives to 10th Conference for Friendship of Overseas Chinese Associations
- China's Zhangjiajie prepares for reopening