Meta Works On A New Deal With Brazil To Trademark Crypto

Meta works on a new deal with Brazil to trademark crypto and is awaiting the green light for an application registration with the Brazilian authorities that will allow for a further expansion on the market so let’s read furhter in today’s latest cryptocurrency news.

Meta published the application for registration and is currently awaiting opposition prior to the INPO approval in Brazil with Meta hoping to bridge the gap for BTC and other crypto and its new hardware development which looks to change the game and could help add Brazil to the list of preferred crypto destinations. Meta works on a new deal with Brazil as it filed a trademark registration for crypto products and services related to exchanges, wallets, and trading platforms. The Metacoin platform is an information technology infrastructure that enables a digital currency and the digital asset transaction and it involves a distributed ledger technology which we know and refer to as blockchain while some of the most popular platforms include the likes of ETH and BTC.

Meta as the world’s biggest social media platform filed a trademark registration with the Brazilian authorities to develop, design, and provision hardware and software for various BTC and crypto-related services. This is also a design for the development and implementation of software for third-party verification services for crypto transactions including transactions involving BTC currency.

The National Institute of Intellectual Property is a french administrative public institution that has the task of receiving applications and granting titles of the industrial property like brevets of patents. Meta filed earlier this year and has been waiting for some time now and once done, teh move can open up the gates and can raise awareness for crypto in Brazil. Meta published the application for registration and it is awaiting opposition before the INPI approval so according to the filing, the initial trademark filing order was placed last year in October.

Meta has done quite a bit of rebranding especially around crypto and blockchain tech and around its Facebook product with the goal to better align with the metaverse developments. Despite the many regulatory hurdles faced during the attempts to enter the crypto space, Meta goes one and it is still one of the largest social media platforms despite the broader perception of being the platform for boomers. After connecting with Facebook, Meta showed signs of a good future but they it hold the momentum moving forward?

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• Source: https://www.dcforecasts.com/altcoin-news/meta-works-on-a-new-deal-with-brazil-to-trademark-crypto/