"Biden Eases Banking Restrictions to Boost Cuban Small Businesses"

TL;DR Summary
The U.S. Treasury Department announced regulatory changes to support Cuba's private sector by allowing Cuban entrepreneurs to open U.S. bank accounts and access U.S. internet-based services. These measures aim to bolster small businesses on the island while avoiding benefits to the Cuban government. The move fulfills a Biden administration pledge to support Cuban entrepreneurs despite the ongoing U.S. embargo. Critics argue the changes do not address broader issues and may have political implications.
Topics:nation#biden-administration#economic-policy#international-relations#private-sector#sanctions#us-cuba-relations
- U.S. announces changes to give private sector, small businesses in Cuba more financial support NBC News
- Biden Moves to Open U.S. Banks to Cuba's Private Sector The New York Times
- US announces measures to give Cuban small business a boost Reuters Canada
- Biden administration eases some economic restrictions on Cuba The Washington Post
- US opens up banking to private Cuban businesses to boost small firms Al Jazeera English
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