U.S. Eases Cuban Restrictions

President Barack Obama continues to pave the way for improved U.S.-Cuban relations, as changes to U.S. travel to and business with Cuba took effect on Monday.

The revisions made to the Cuban Asset Control Regulations (CACR) and Export Administration Regulations (EAR) will ease U.S. sanctions on Cuba related to travel, telecommunications and Internet-based services, business operations in Cuba, and remittances.   The changes include authorizing certain U.S. entities to do business directly, establish a physical presence, and open and maintain bank accounts in Cuba.

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