Forex News 24
  • RSS

news

Goldman Sachs Notice To India-based Crypto Exchange For Trademark Violation

Goldman Sachs Notice To India-based Crypto Exchange For Trademark Violation
админ
12/03/2018

10a561e763b20d54d8f15c1e7fb92092 - Goldman Sachs Notice To India-based Crypto Exchange For Trademark Violation

Goldman Sachs has sent a legal notice to Indian cryptocurrency exchange Bitsachs over trademark and intellectual property infringement.

Bitman Sachs LLP, registered in the western Indian city of Jaipur, has similarity in name to the New-York based Goldman Sachs. It operates a website called Bitsachs.com.

In the notice, the banking giant accuses Bitman Sachs of “infringing mark,” and accuses its website of “infringing domain.”

“The infringing mark is confusingly similar to our clients’ famous Goldman Sachs’ mark, as is also partially evidenced by your use of a company name that copies the “Man Sachs” name. Furthermore, the infringing mark is intended for use in connection with related services as those provided by Goldman Sachs.”

“The infringing mark is thus clearly intended to draw an association between your cryptocurrency, on the one hand, and our clients Goldman Sachs, on the other hand.”

Goldman Sachs said the Indian exchange is developing its own cryptocurrency called Bitsachs.

However, the founder of the cryptocurrency exchange, Ashish Agarwal denied the charges.

He said his company is not using th name “Goldman” anywhere in its brand name, and that “Sachs” is a very common surname in Germany. “So I don’t know how this could be an infringement of intellectual property or trademark,” he added.

Founded in 2017, Bitman Sachs offers its clients a multi-cryptocurrency wallet including bitcoin, ethereum, litecoin and ripple, and provides them a platform to buy and sell cryptocurrencies.

Source

Related ItemscryptocurrencyGermany

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
12/03/2018
админ
Related ItemscryptocurrencyGermany

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Greenback dives as American jobs report tames rate hike bets
Wall Street is braced for starting higher as inflation worries relieve