{"id":74294,"date":"2026-06-20T07:49:50","date_gmt":"2026-06-20T07:49:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cuba-passes-176-historic-reforms-to-open-its-economy-to-private-banks-and-real-estate\/"},"modified":"2026-06-20T07:49:50","modified_gmt":"2026-06-20T07:49:50","slug":"cuba-passes-176-historic-reforms-to-open-its-economy-to-private-banks-and-real-estate","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cuba-passes-176-historic-reforms-to-open-its-economy-to-private-banks-and-real-estate\/","title":{"rendered":"Cuba Passes 176 Historic Reforms to Open Its Economy to Private Banks and Real Estate"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The National Assembly passed 176 reforms on Thursday, opening Cuba to private investment.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Under new rules, Cuba allows private firms with over 100 staff and private real estate market investment.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Trump\u2019s sanctions forced Diaz-Canel to exert reforms to save the island\u2019s crashing economy.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Cuba Backpedals On Socialism With New Economic Reforms<\/h2>\n<p>Cuba, one of the bastions of communism still present in the world, is now making changes to dynamize its economy, which has been hit by recent U.S. pressure.<\/p>\n<p>On Thursday, the National Assembly of Cuba <a href=\"https:\/\/www.telesurtv.net\/cuba-aprueba-reformas-economia-bajo-bloqueo\/\" target=\"_blank\" rel=\"noopener noreferrer\">passed<\/a> a set of 176 reforms to decentralize the Cuban economy, which has traditionally been state-driven, and open several sectors, including the financial, to private capital.<\/p>\n<p><\/p>\n<p>The changes would allow private investment to enter real estate development on the island, enabling the state to sell part of its properties to national and foreign individuals and institutions, walking back the state-ownership exclusivity characteristic of the communist model.<\/p>\n<p>The existence of private banks, overseen by the state, would also be allowed under these new rules, as the rise of businesses in Cuba with over 100 employees. This would pave the way for the surge of large private companies.<\/p>\n<p>The reforms constitute one of the most profound changes in the island\u2019s system since the late Fidel Castro assumed office after ousting dictator Fulgencio Batista in 1959.<\/p>\n<p>The changes were supported by Fidel Castro\u2019s living brother and former President of Cuba, Ra\u00fal Castro, recently indicted by the U.S. Department of Justice for shooting down two unarmed U.S civilian aircraft operated by Brothers to the Rescue in international airspace in Feb. 1996.<\/p>\n<p>The government has cited the suffering of the Cuban people, battling fuel shortages and frequent power outages, as the source of these measures.<\/p>\n<p>In a speech before the assembly, Cuban President Miguel Diaz-Canel stressed that Cuba was living its most difficult hour and that the government had the historic responsibility of saving it.<\/p>\n<p><strong>\u201cWhen the people\u2019s lives become so hard, the primary duty of the Communist Party and the Revolutionary Government is not to better explain the crisis, but to change whatever is necessary to overcome it,\u201d<\/strong> he assessed.<\/p>\n<p><strong>\u201cIt is time to change everything that needs to be changed,\u201d<\/strong> he concluded.<\/p>\n<p>These changes come after the Trump Administration has exerted pressure on the Cuban government to change its system, with President Donald Trump frequently referring to Cuba as the next target of his government.<\/p>\n<p>The U.S. Department of State has <a href=\"https:\/\/news.bitcoin.com\/cuban-president-ditching-us-dollar-frees-countries-from-sanctions-and-aggression\/\">sanctioned<\/a> several companies key to the Cuban government, including Grupo de Administraci\u00f3n Empresarial S.A. (GAESA), which operated as an umbrella enterprise for the Cuban military, and Uni\u00f3n Cuba-Petr\u00f3leo (CUPET), which faces <a href=\"https:\/\/www.state.gov\/releases\/office-of-the-spokesperson\/2026\/06\/sanctioning-cubas-state-owned-oil-and-gas-company-union-cuba-petroleo\/\" target=\"_blank\" rel=\"noopener noreferrer\">allegations<\/a> of selling oil on secondary markets as the Cuban people face frequent energy outages.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/cuba-passes-176-historic-reforms-to-open-its-economy-to-private-banks-and-real-estate\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The National Assembly passed 176 reforms on Thursday, opening Cuba to private investment. Under new rules, Cuba allows private firms with over 100 staff and private real estate market investment. Trump\u2019s sanctions forced Diaz-Canel to exert reforms to save the island\u2019s crashing economy. Cuba Backpedals On [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":74295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74294"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74294"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74295"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}