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Change affecting fees to Venezuela’s intellectual property office

On February 1, 2019, the Venezuelan Ministry of National Commerce sent a notification that patent and trademark fees shall be paid in the Venezuelan cryptocurrency “PETRO.” The United States Government, by Executive Order 13827 (March 19, 2018), expressly prohibits such transactions by U.S. persons, including individuals and companies, relating to any digital currency, digital coin, or digital token issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018.

For more information, see the following resources on Venezuela-related sanctions from the U.S. Department of the Treasury’s Office of Foreign Assets Control:

• Venezuela-related Sanctions page
• Frequently Asked Questions related to Executive Order 13827 namely, FAQs 564, 565, and 566
• Licensing portal, including contact information

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