The U.S. Department of the Treasury will now subject foreign real estate transactions near sensitive U.S. military bases to heightened scrutiny. This new regulation follows an incident where President Joe Biden ordered the closure of a China-affiliated crypto mining operation situated next to a nuclear missile base in Wyoming earlier this year.
The rule aims to prevent potential security threats posed by foreign investments in close proximity to military facilities. The decision reflects growing concerns about safeguarding national security, especially in areas surrounding crucial defense infrastructure.
This development underscores the challenges faced by foreign entities looking to engage in real estate or related ventures near strategic military sites in the United States, as government oversight increases.
