By Maya Lester KC & Michael O’Kane

OFAC publishes Venezuela cryptocurrency FAQ

OFAC has published an FAQ relating to US person involvement in the Venezuelan government’s proposed digital currency (announced by President Maduro in December 2017). It states that a currency carrying rights to receive commodities in specified quantities at a later date (something which President Maduro indicated in his proposal), would “appear to be an extension of credit to the Venezuelan...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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