Executive Order 13827: Taking Additional Steps to Address the Situation in Venezuela

President: Donald J. Trump

Prohibited US dealings in Venezuelan government-issued digital currency from January 2018 onward.

Status: In effect. Is Executive Order 13827 still in effect? Yes. Executive Order 13827 remains in effect. See Federal Register record.

What does Executive Order 13827 do?

EO 13827 prohibited US persons and transactions within the United States from dealing in digital currency, coins or tokens issued by, for or on behalf of the Government of Venezuela on or after January 9, 2018. It built on the Venezuela national emergency and responded to the government-backed petro. It did not ban all digital assets or all dealings with Venezuela. OFAC still lists the order, and current licenses and regulations must be checked for a specific transaction.

Administration position: The order’s account of sanctions evasion was the administration’s stated reason; the prohibition is defined by issuer and date.
SignedMarch 19, 2018
Covered issuanceVenezuelan government tokens since January 9, 2018
AffectedUS persons and US transactions

Before and after

Before the order

EO 13808 and other Venezuela sanctions restricted specified finance.

After the order

Government-issued digital tokens became a separately specified prohibition.

Who had to do what

Agency / officeActionTiming / position
US personsAvoid covered token transactionsUnless authorized
Treasury / OFACAdminister licenses and guidanceOngoing

What happened next

EO 13827 signed.