By Maya Lester QC & Michael O’Kane

Venezuela to launch ‘Petro’ cryptocurrency on 20 Feb.

Venezuela’s President Maduro has announced that a ‘pre-sale’ of the country’s proposed ‘Petro’ cryptocurrency will commence on 20 February 2018. The Venezuelan Government has stated that the Petro will enable the country to make financial transactions and to overcome international sanctions. Last week, OFAC published an FAQ relating to US person involvement in the proposed currency (see previous blog here). It...

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About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’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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