Ripples XRP: Ripple registers a trademark for a product focused on financial services

Ripple’s latest trademark application highlights a new product focusing on financial services.
The product is intended to provide users with financial management and administrative services.
The new service is called PayString.
New with Ripple’s XRP
The San Francisco-based Fintech company Ripple Labs Inc. (the company behind Ripples XRP) filed a trademark application on 6 November for a product focusing on financial services.

As explained in the notification, the product in question is called PayString and falls within categories such as „electronic financial services, i.e. monetary services for receiving and paying out transfers and gifts of money“, both in fiat and virtual currencies.

The proposed service will also enable users to exchange fiat and virtual currencies over a computer network, as well as provide financial transaction verification services, financial management and administration services and electronic transmission of digital currency.

According to the United States Patent and Trademark Office, the application was accepted on 14 November but has not yet been allocated to an examiner.

Trade mark wars
In June, Ripple applied for two trade marks for a similar product called PayID in the United States. Ripple used PayID in connection with 40 companies in the Open Payments Coalition, several of which were based in Australia.

After a major Australian payment company called New Payments Platform Australia (NPPA) learned about it, NPPA accused Ripple of illegal use of its trademark and filed a lawsuit against the Fintech start-up.

The suit alleges that the „PayID“ brand was developed by NPPA and launched in February 2018 with a $3.3 million Australian dollar campaign, including international advertising.

However, it appears that the NPPA secured copyright in Australia for „PayID“ with a space in March 2017 and filed „PayID“ without a space in October 2017.

The application filed in October for „PayID“ without spaces has become invalid. The Australian Government therefore did not issue the trademark.

Ripple’s CEO Chris Larsen has already warned that the company is about to move its headquarters overseas in response to excessive regulation in the US.

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The crazy returns: between 25% and 35% annually

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Polícia holandesa apreende mais de 30 milhões de dólares em Bitcoin de lavadores de dinheiro

O casal condenado era residente na Holanda e ambos enfrentam dois anos de prisão após sua condenação por acusações de lavagem de dinheiro.

Em resumo

  • Um casal holandês foi condenado por acusações de lavagem de dinheiro.
  • As autoridades holandesas apreenderam Bitcoin Trader no valor aproximado de US$ 33 milhões.
  • A notícia segue um pivô de vários reguladores para os riscos de lavagem de dinheiro na indústria criptográfica.

A polícia holandesa já apreendeu mais de 2.500 Bitcoin no valor aproximado de $33 milhões. A apreensão segue-se à condenação de um casal holandês pelo Tribunal Distrital de Rotterdam por acusações de lavagem de dinheiro.

O casal holandês havia lavado quase 19 milhões de dólares nos últimos dois anos, revelou o Ministério Público holandês.

De acordo com um comunicado de imprensa da OpenBaar Ministerie, a apreensão de Bitcoin não foi tudo o que foi tirado do casal. As autoridades holandesas também confiscaram telefones celulares, discos rígidos e outros equipamentos de informática, jóias e um veículo.

Além disso, o casal também tinha um negócio, onde foram confiscados 138.000 e 40.000 euros. Ambas as empresas relevantes foram solicitadas a pagar uma multa de 45.000 euros cada uma.

O casal era residente de Hilversum, na Holanda. É relatado que ambos os indivíduos compraram Bitcoin e negociaram a moeda criptográfica sem notificar as autoridades fiscais. Além disso, o casal entrou em contato com os clientes através de um mercado da web escuro, onde a maior parte da Bitcoin era inevitavelmente negociada.

Nenhuma das pessoas físicas solicitou aos clientes que mostrassem identificação ou realizassem a KYC, apesar de alguns negócios valerem milhões de euros.

Os indivíduos estão enfrentando dois anos e dois anos e meio de prisão, respectivamente, e ambos os indivíduos começarão com um período de prisão de 6 meses.

As autoridades se concentram na lavagem de dinheiro criptográfico

As autoridades estão voltando cada vez mais sua atenção para a lavagem de dinheiro através da moeda criptográfica. Nos últimos meses, os reguladores no Reino Unido e na Suíça têm procurado tornar mais rígida a regulamentação da criptografia a fim de conter a lavagem de dinheiro, com trocas como Binance trabalhando com as autoridades para rastrear os lavadores de dinheiro.

Enquanto isso, um relatório de inteligência do FBI revelou como a agência rastreia a lavagem de Bitcoin na teia escura. Para as empresas de moedas criptográficas, as novas regras da AML estão se mostrando onerosas – enquanto um relatório recente destacou que a maioria da lavagem de dinheiro ainda é realizada através dos canais tradicionais.