Cuba
In a first, Cuba’s private business owners will be able to use US banks, Treasury says
The embargo imposed on Cuba in the 1960s cut the island off from the U.S. banking system. Currently, Cubans visiting the U.S. can open a bank account here, but they cannot access their money once they return to the island.
The Biden administration will finally allow Cuban independent entrepreneurs to open bank accounts in the United States remotely from the island, among other measures to support the private sector in Cuba that were halted for months due to objections ... [5237 chars]
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