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London Based Company Successfully Trademark The Name ‘Bitcoin’

A London-Based Company Successfully Trademarks the Name ‘Bitcoin’. Multiple reports and public filings have shown a UK-based firm called ‘ A.B.C.  IPHoldings South West’ has successfully acquired a trademark for the name ‘Bitcoin’. According to a merchant on Etsy, IP-Holdings sent a cease and desist order because they were selling Bitcoin-themed t-shirts.

Also read: There’s a Bitcoin Themed Card Game On Kickstarter Called ‘Bitcon’ UK Company Successfully Copyrights the Name ‘Bitcoin’

This week cryptocurrency enthusiasts found out the name ‘Bitcoin’ had been trademarked using the Intellectual Property Office (IPO) in the UK on December 22, 2017. The news came as a shock to one merchant who was selling t-shirts on Etsy with the Bitcoin name and was told to stop his operations or be held liable in a court of law.

The UK filing seems to be the first successful trademark using the name Bitcoin as there have been other undertakings in the past. Back in March of 2015, the United States Patent and Trademark Office (PTO) rejected the company Urban Trend’s attempt to trademark the name Bitcoin (Reg 86135516 ).  A year later during the same month, the Russian patent agency Rospatent denied the Moscow-based firm M-Group when it tried to copyright the Bitcoin name.

Many cryptocurrency enthusiasts have been angry about the recent news as prior attempts have infuriated bitcoiners in the past. Back in 2015 the nonprofit organization the Bitcoin Foundation published a plea to individuals and businesses asking them not to copyright the term Bitcoin.

“The Bitcoin Foundation believes that the term “Bitcoin” alone should not be the intellectual property of any individual or entity,” explained the organization back in January 2015.

Rather, it is a generic term like the terms used for other currencies such as “dollar”, “euro,” “yen,” etc. The Foundation is committed to doing what it can to protect the term “Bitcoin” for public use.

Source: bitcoin.com

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