Altcoin News by Thebittimes.Com

Payment services giant, PayPal, and remittance service provider, Western Union, have filed trademark application s for crypto -related services. The news was shared on Twitter by USPTO-licensed trademark attorney, Mike Kondoudis. As per the document, PayPal has filed trademark applications for “PAYPAL” and its overlapping Ps logo. The trademark document claimed that the firm plans to exchange, trade, and process transfers of blockchain and digital assets, including crypto. The application was submitted to the United States Patent and Trademark Office on October 18th. The serial numbers for the applications are 97636933, 97636892, and 97636857. #PayPal has filed trademark applications for PAYPAL and its “overlapping Ps” logo The apps claim plans for exchanging, trading, and processing transfers of ✅ Blockchain + digital assets ✅ Crypto + digital + virtual currencies …and more#NFTs #Metaverse #Web3 #Cryptocurrency pic.twitter.com/FadV1SiCfV ...

Over the years, Bitcoin and other cryptocurrencies have risen to prominence. Ever since the rise in popularity, the scrutiny over cryptocurrencies is also rising. Regulators around the globe are trying to put a leash on the usage of cryptocurrencies. Even though the popularity of crypto is rising among users, the stance on crypto is different in different countries. While some countries, like El Salvador, have made Bitcoin legal, other countries, like China, have outright banned it. Even though Bitcoin is not legal in several countries, it doesn’t mean that it is illegal. Several countries, like the United States, want to build a regulatory framework around cryptocurrencies. However, the million-dollar question is who will look after it. Let us look at some of the countries and the legality of bitcoin and cryptocurrencies in general. Australia Australia is home to several crypto supporters , and the adoption rate has been on the rise. The country made crypto legal in 2...