Dubious ‘bankster’ behind Russia’s bid to be first to trademark Bitcoin

dubiousbanker17 Dec 2013 / RT – The chief of a bank that was shut down over money laundering has reportedly applied to register the trademark for the popular cryptocurrency bitcoin. If successful, Russia could become the first country to register the anonymous currency.

Boris Bulochnik, ex-boss of Master Bank, which had its license revoked in November by the Central Bank of Russia (CBR) over alleged illegal banking transactions, has registered with Rospatent, Russia’s trademark service, Izvestia reports. Bulochnik filed the application through company called Intelprom, a connection which hasn’t been confirmed beyond the Izvestia report.

The company applied to trademark a bitcoin logo with a capital letter ‘B’ inside a circle and other Russian companies are reportedly interested in trade marks.

Sberbank, Russia’s largest bank, hasn’t ruled out launching an e-commerce system similar to bitcoin, which would be managed by Yandex.Money. Bank chief German Gref said the Yandex.Money payment system would help smooth online purchases, and would be safer than bitcoins, but unlike the decentralized currency, would be based on the Russian ruble. Yandex is Russia’s most popular search engine, with more visits than Google and Yahoo.

JPMorgan, the largest American bank by assets, has patented its own rival bitcoin online payment system. The patent was filed on August 5, 2013, and would provide customers with the same cheap, simple anonymity bitcoin offers through a JPMorgan digital wallet….. Read more


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