Spanish businessman in charge of buying and selling cryptocurrency registers national ownership of the bitcoin name and logo.
The entrepreneur wished to remain anonymous, but said that he had attracted a lawyer and an intellectual property expert to register his rights with the local patent and trademark office..
According to the businessman, he went to it in order to confirm the legality of his activities and protect the bitcoin brand from abuse by fraudsters, at least in Spain..
Although he does not seek to impersonate Satoshi Nakamoto, he announced that he intends to fight the misuse of the logo and name of the first cryptocurrency..
However, the registered trademark is identical to the original bitcoin symbolism, so the copyright holder will be able to make claims to anyone who uses it in Spain without proper permission..
An example is the British company ABC IPHoldings South West, which registered the trademark in 2018 under the name Bitcoin, after which the local business began to receive instructions banning the distribution of products with this symbol.
How to Trademark a Name and Logo | Trademark Registration Process & Intellectual Property Rights
text: Ivan Malichenko, photo: cimg