“Bitcoin [BTC]” is not a public domain, it’s an illegal trademark to use in the UK!

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“Bitcoin” has gained popularity in the past few years, its logo symbolizes the coin and is acceptable all over the globe. According to CCN reports, the BTC coin actually uses the trademark of a UK based company.

Bitcoin is assumed to be public domain, hence no action had been taken. When a small enterprise was selling Bitcoin-themed shirts on Esty, the UK based company to whom the Bitcoin trademark actually belongs to has filed a lawsuit against it for trademark infringement.

The small business who traded Bitcoin shirts received a letter from the UK based company who claims to have the trademark of Bitcoin filed under their name in the UK. While not many know this, anyone in the UK who puts the word “Bitcoin” on any type of clothing or even a drink can be sued by the owner of the trademark of Bitcoin.

Through research, it has been found that a company called A.B.C. IPHoldings South West LLC successfully obtained the trademark for “Bitcoin” in 2017. It is registered under their name and using their trademark without their permission can lead to trademark infringement lawsuit.

A.B.C. IPHoldings South West LLC has also applied for one other trademark, “Westworld,” due to its association with the HBO show “Westworld” of the same name. The application for this trademark has been published but has not been examined by the IP office.

The company was able to achieve the entitlement of the trademark and still stays unclear and mysterious as many companies have previously filed ownership of the trademark and have failed in different countries.

It is uncanny how the company managed to successfully trademark the term “Bitcoin”, despite the recognition BTC has gained over the past few years.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Simran Alphonso
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Russian Parliament Approves First Readings of 3 New Crypto-laws.


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Russia’s parliament, the Duma, has overwhelmingly voted in favor of the draft cryptocurrency-themed On Digital Financial Assets bill, with 410 MPs voting in favor, and only one voting against, per media outlet Novaya Gazeta.

According to the Duma’s official website, the Russian parliament also voted in favor of two parallel bills, one on “digital rights” and the other on crowdfunding.

The bills will open the door for crypto and blockchain regulations to be imposed by financial authorities, and will give legal definition to key crypto-terminology, such as smart contracts, mining and cryptocurrencies.



The Duma website quotes Pavel Krasheninnikov, the Chairman of the Committee for State Development and Legislation, as saying the three bills will now be debated together for their second reading, allowing for “conceptual and regulatory synchronization.”

Anatoly Aksakov, the head of the Duma’s Financial Markets Committee, presented the three bills at a plenary meeting of the Duma, and noted, “By defining concepts [such as cryptocurrency, and so on], we will be able to provide legal protection for the users of these tools.”

A Russian appeals court has already decided to recognize cryptocurrency holdings as legal “property” in a high-profile case, saying that it had based its decision on the government’s bill. Some politicians, meanwhile, have called for key amendments to be made to the bills before they pass into law.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Tim Alper
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Florida County to Accept Crypto for Services, Tax Payments ETC

The Seminole County of Florida announced on May 14th that starting this summer they will begin accepting cryptocurrency as payment for various services offered by the county, in an attempt to eliminate high fees and improve payment accuracy and efficiency.

According to the official press release, the payment will include services such as property taxes, driver license and ID card fees, as well as tags and titles, and will be done in either Bitcoin or Bitcoin Cash.



The Seminole County’s tax collector Joel M. Greenberg adds, “We live in a world where technology has made access to services on demand, with same-day delivery and the expectation of highly efficient customer service and we should expect the same from our government. The aim of my tenure in office is to make our customer experience faster, smarter, and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”

The county will employ BitPay’s (a bitcoin payment service provider) services, which will allow them to receive settlement the next business day directly to its bank account in US dollars. The county aims to eliminate risks connected to credit card usage, such as fraud and identity theft, through this service.

Earlier this month, Berkeley city in California had moved forward with an initiative to apply blockchain technology to public financing to raise funds for community projects. Vice Mayor Ben Barlett told Bloomberg that, should the political process allow it, the city could consider issuing a type of token which would function much like a municipal bond in providing city funding.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Sead Fadilpasic
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