TOKYO, JAPAN - October 14, 2011 - As the owner of the largest Bitcoin trading platform, Mt.Gox, we at Tibanne K.K feel obliged to step up and oppose opportunists around the world from trademarking the concept and term “Bitcoin”, which would severely limit the ability of those in the Bitcoin community to freely enjoy and use our beloved Crypto-currency.
As some in the community may be aware, back in July Michael Pascazi, a law attorney in upstate New York started to file for ownership of the Bitcoin trademark. This took place not only in the US but in other key countries like France and Japan where trademark laws favour the party who is “first-to-file”, rather than the first actual user of the term.
While Michael Pascazi apparently acquiesced in his attempt to trademark Bitcoin in the U.S. (thanks to a stricter “first-to-use” trademarking system), he has since submitted a claim in France through his wife Celine Mouchon Pascazi, where Pascazi has far stronger legal standing as the first entity to apply.
In reaction, we at Tibanne K.K in Japan have started legal proceedings in the hopes of opposing this filing in France, at a European level as well as in in other countries across the world.
The Pascazis' stated intention is to profit from these trademarks, which would hamper Bitcoin enthusiasts, businesses and the community as a whole on a global basis in the free use and promotion of Bitcoin. Tibanne K.K will oppose this and any other "greed based" trademark application, in order to prevent self-serving attempts to profit from Bitcoin through spurious legal suits, and keep the term “Bitcoin” free for all.
We would like to use this opportunity to formally announce that all trademarks related to the term “Bitcoin” filed for and obtained by Tibanne K.K will be made freely available to anyone to use for whatever purpose whatsoever, whether that be for non-profit or commercial endeavours.
We will keep you apprised on these matters as soon as updates become available.
Regards
Mt.Gox Co. Ltd Team.
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