A new set of licenses was announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on June 10. The resolutions expand and update the authorizations for energy and mining operations related to the country.

Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A immediately supersede the previous versions published between February and March of this year.

“Among the most relevant changes, OFAC authorized new operations related to the export, marketing, and transportation of Venezuelan oil and petrochemical products to the United States.”

According to the announcement, the benefit covers U.S. companies established before January 29, 2025. “License 50B also ratified permits for transnational corporations such as Chevron, Repsol, Shell, BP, Eni, and Maurel & Prom for activities related to the Venezuelan oil and gas sector.”

On the other hand, license 47A authorizes the export of diluents to Venezuela, and license 48B authorizes the “supply of technology, software, equipment, and services for oil, petrochemical, and electrical projects within the country.”

In the mining sector, operations related to Venezuelan minerals, including gold, are being made more flexible through licenses 51B and 54A, which will allow the export, transport, processing, and supply of goods linked to mining activities under strict oversight mechanisms and periodic reporting.

M.Pino

Source: puntodecorte

(Reference image source: Shane McLendon en Unsplash)

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La entrada OFAC issues new licenses for oil, gas, and gold trading in Venezuela apareció primero en Bitfinance.

The Sec approved operations in the United States of the Ethereum ETFs in cash starting this Tuesday, July 23 in the morning once the receipts were received and all means related to these commercial operations were activated.

According to ETF Store President Nate Geraci, Bitwise was the first to release the information and create the website for its Ethereum spot ETF.

Bitwise spot eth ETF webpage now *live*… pic.twitter.com/9mhX96ilXz

— Nate Geraci (@NateGeraci) July 22, 2024

Regarding the announcement, Bloomberg analyst James Seyffart noted that “of the nine funds proposed to the SEC, the only ones that do not yet have official documents are the Ethereum ETFs proposed by Grayscale (ETHE / ETH). For the rest, it seems that the products of BlackRock, Fidelity, VanEck, 21Shares and Invesco were also duly approved”, which is why they also began operations this Tuesday.

SEC approval took months of analysis and discussions about the product’s viability. However, finally, the US entity “approved the S-1 forms that guide the start of operations of these funds.”

M.Pino

Source: diariobitcoin

(Reference image source: Traxer in Unsplash)

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La entrada SEC approved Spot Ethereum ETF Trades in the United States apareció primero en Bitfinance.