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US adds popular Cuban debit card to restricted list

Cuba tiendas mlcA debit card backed by remittances that recently became popular in Cuba because people can use it to buy home appliances, food and replacement parts has landed on the U.S. government’s restricted list.

U.S. Secretary of State Mike Pompeo said in a statement Monday that Cuba’s military controls American International Services and uses parent company FINCIMEX and other entities to “charge fees and manipulate the remittance and foreign currency market…The profits earned from these operations disproportionately benefit the Cuban military, furthering repression of the Cuban people and funding Cuba’s meddling in Venezuela.

(Taken of ABC News)

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