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🟠 Scott Bessent: “Americans receiving benefits are not allowed to send money out of the US”
According to Bessent, starting today, banks will have to ask customers whether they receive benefits when conducting international transactions, including transferring money abroad.
Even if the benefit recipients keep the money in their US accounts, making payments abroad with Visa/Mastercard cards is also considered a flow of funds leaving the United States and may be subject to control or restrictions under the new regulations.
-> The main purpose is to keep liquidity within the United States.