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The Independent UK
The Independent UK
National
Fatima Hussein,Andrea Rodriguez and Rebecca Santana

US opens up banking to private Cuban businesses as it aims to boost private sector

United States Cuba Barack Obama Donald Trump the Treasury Department
Copyright 2019 The Associated Press. All rights reserved.

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.

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