Reebok sneakers could soon be coming to the metaverse. This and more news in this handy daily roundup to keep you up to date with the latest events happening within the crypto world.
Reebok prepares for the Metaverse
📍Sneaker brand Reebok is the latest to register its trademark for the Metaverse. Trademark attorney Mike Kondoudis said Reebok has filed two patent applications focused on creating virtual goods such as NFTs, as well as opening virtual retail stores and online marketplaces for products backed by non-fungible tokens.
It seems that the American brand wants to follow in the footsteps of its two big rivals, Adidas and Nike, which are already exploring the possibilities offered by new technologies and the virtual world.
Polish and Italian patent offices join European intellectual property blockchain network
📍Poland and Italy add their patent and trademark offices to the IP Register. The blockchain for registering trademarks and new designs, IP Register, created by the European Intellectual Property Office (EUIPO), has added two new patent offices to its list of partners. Both the Polish and Italian patent and trademark offices will operate a node in the IP Register network, the EUIPO announced.
In a Press release, the European Intellectual Property Office said that Poland has transferred more than 34.000 design registrations, while Italy has transferred more than 1,1 million trademark registrations. With these integrations, the intellectual property registry operated by IP Register reached 3,5 million registrations for trademarks and 1,6 million registrations for designs, the office said.
IP Register was created to provide integrity and security to brands and creators and to improve the connectivity of patent offices with users and their intellectual property rights.
Belgium on the classification of cryptocurrencies
📍The FSMA, Belgium's financial authority, excludes Bitcoin and Ethereum from being a security. The Belgian Financial Services and Markets Authority has issued a statement on the classification of cryptocurrencies as securities, financial instruments or investment instruments.
In said release, the authority said that cryptocurrencies that have been created using computer code, without an agreement between the issuer and the investor, should not be subject to securities laws. The Belgian regulator cited Bitcoin (BTC) and Ethereum (ETH) as examples.
Russian government proposes independent blockchain-powered international payments system
📍Russia plans to create a new international payments system based on blockchain. The Russian government wants to reduce the current dependence on governments and central banks, so it is proposing the creation of a new cross-border payments system powered by blockchain and digital currencies.
According to the country's president, Vladimir Putin, this system could help Russia overcome the sanctions and economic blockade that other governments have imposed on it after invading Ukraine. Putin assured that this new system would be completely secure and transparent thanks to blockchain technology; he also indicated that it would be independent of banks and free from third-party interference.
Last week, the Russian government announced that it is working on creating a national cryptocurrency exchange, which would allow the country to oversee and control trading activity taking place in the cryptoasset market.
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