BTCC
/
BTCC Square
/
Global Cryptocurrency
/
US Eases Syria Sanctions Amid Post-Assad Reconstruction Efforts
US Eases Syria Sanctions Amid Post-Assad Reconstruction Efforts
18
3
The TRUMP administration has moved to relax economic sanctions against Syria following the collapse of Bashar al-Assad’s regime last December. While maintaining core restrictions, the policy shift aims to facilitate foreign investment in Syria’s war-torn economy. The 2019 Caesar Act—which prohibits most business dealings with Damascus—remains partially intact, requiring Congressional approval for full repeal.
Secretary of State Marco Rubio outlined a 180-day transition plan, signaling potential waivers for reconstruction activities. This geopolitical development could indirectly influence cryptocurrency markets as investors assess risks in emerging markets. No direct crypto or exchange linkages were identified in the policy announcement.
By:
Previous
Alchemy Acquires NFT Launchpad HeyMint to Simplify Web3 User Onboarding
Next
Pi Network Unveils Ecosystem Expansion with Innovative Tools and Apps
