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Meltdown in Venezuela puts foreign IP owners at risk

Ellie Mertens, New York


A standoff between the US and Venezuelan governments around currency leaves IP owners in a bind, which lawyers say will be resolved in one of two ways

The Venezuelan PTO only accepts fees in the cryptocurrency petro, which the government launched in February 2018, while the US imposes sanctions on anyone who uses it. This leaves foreign IP owners in a bind. When petro was introduced in...


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