Sunday, January 29

Meta reportedly included cryptocurrency exchange activities in its trademark application in Brazil By Cointelegraph


©Reuters. Meta reportedly included cryptocurrency exchange activities in its trademark application in Brazil

The metaverse, it seems, might not be the only universe of exploration for Meta platforms, Mark Zuckerberg’s new Facebook (NASDAQ:) brand. At least this is the first impression of the most attentive observers in the world of cryptocurrencies when evaluating the breadth of activities directed at cryptocurrencies, which would have been included in the application for trademark registration at the National Institute of Industrial Property (INPI). ) at the end of last year.

Although the metaverse carries in its concept the economic and patrimonial development of this world under construction, some descriptive elements of the Meta document to the INPI, in theory, could suggest that the activity package of a cryptocurrency exchange was “unpacked” at the time of the drafting of the document. So much so that Meta, in a certain section of the application, speaks of a service with a computer software platform for the purchase and sale of digital, virtual assets, cryptocurrencies, blockchain and other values ​​and digital assets, even announcing the possibility of a virtual environment. online for the purchase and sale of crypto assets.

Another point of the request that set off alarms was the inclusion of the design, development and implementation of a blockchain network, cryptocurrencies and other types of crypto assets. Which was interpreted as a message that Zuckerberg has not given up on the controversial and ambitious project Diem, a Facebook stablecoin formerly called Libra. Late last year, Diem encountered strong resistance in the US Senate.

Read the full article on Cointelegraph

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