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.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 letter states:
It has come to our client’s attention that you are offering for sale a variety of clothing bearing the Bitcoin trademark on Etsy.co.uk. [Our Client] has not authorised your use of the Bitcoin trademark on and in relation to clothing. Such use, therefore, amounts to trademark infringement pursuant to s10(1) of the Trade Marks Act 1994.
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