A man from London is attempting to trademark the word “Bitcoin” in the United Kingdom.
In an application made to the UK’s patent office on 5th November, Marvin Dennis of Leyton, East London, is seeking to trademark the term used by Satoshi Nakamoto to describe his cryptocurrency.
Published by the Trade Marks Journal on 4th December, the application for the trademark is due to be granted on 6th February 2014 if unopposed. The trademark regards the use of the term with relation to “chocolates and confectionary”, so wouldn’t have a direct impact on bitcoin’s use in the areas of computing or finance.
This is not the first time someone has tried to trademark bitcoin. In 2011, an American lawyer sought to claim the trademark the word in the US and France.
France, like the United Kingdom, adheres to a principle of first-mover, which means that the first to claim gains ownership of the trademark, as opposed to a principle of first-use, which means that you may have trademark protection by virtue of having used that unique word or symbol, even if you didn’t explicitly register it.
It’s unclear whether Marvin Dennis owns any sort of chocolate or confectionary business. No business is listed in the trademark application, as would be the case if a business were applying for the trademark.
CoinDesk has been unable to find any social media accounts that can be definitively linked to him and he doesn’t appear to be linked with any businesses. An attempt was made to reach Mr Dennis at an email address linked with his domains.
Under UK law, trademark applications must be made to the Patent Office at a cost of £170 if the application is made online.
In this case, Mr Dennis appears to have hired the Trade Marks Bureau to act as representatives for the trademark application. They did not respond to a request for comment.
Once reviewed, applications are advertised in the Trade Marks Journal for two months to allow for objections to be made. Objections are not a legal process, but merely submitting evidence that should be considered before granting a trademark. People can also take legal action to oppose a trade mark application.
Coins image via Casascius
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.