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Uniswap requests trademark registration in Brazil

Posted by on September 23, 2021 , marked as , ,

Uniswap is considered one of the largest decentralized exchanges in the world.

The platform is requesting trademark registration here in Brazil through the INPI – National Institute of Intellectual Property.

Uniswap requests trademark registration in Brazil

The country registration application was made by Universal Navigation Inc, which is commissioned by Uniswap Labs.

Uniswap Labs is in charge of all DEX Uniswap advancement and procedure.

“Providing a non-downloadable online software for buying, selling, sending, receiving, exchanging and trading cryptocurrency, digital currency, virtual currency, blockchain-enabled currency and related assets; provision of online non-downloadable software for performing transactions in cryptocurrency, digital currency, virtual currency, blockchain-enabled currency and related assets using blockchain, smart contracts and related technologies. (class 42)”, highlights the request filed in Brazil.

Uniswap Labs participates in its DEX amplification project.

DEX has also applied to register its trademark with the US patent office.

"UNISWAP® trademark registration is intended to cover the categories of online software provision not available for download for buying, selling, sending, receiving, exchanging and transacting cryptocurrency, digital currency, virtual currency, blockchain-enabled currency and related assets. Providing online non-downloadable software to enable transactions in cryptocurrency, digital currency, virtual currency, blockchain-enabled currency and related assets using blockchain,” highlights the US record.”

Although Universal Navigation is of extreme business importance for Uniswap, DEX's page emphasizes that the company does not offer, arrange or coordinate the protocol and also emphasizes that, on the contrary, it is operated by smart contracts in the Ethereum (ETH) blockchain. therefore, Universal will not be held responsible for any of its customers' problems with the service.

"No developer or entity involved in creating the Uniswap protocol will be liable for any claims or damages associated with its use, inability to use or your interaction with other users of the Uniswap protocol, including any direct, indirect, incidental, special, exemplary, punitive damages or consequential, or lost profits, cryptocurrencies, tokens or anything else of value”, highlights the page.

Uniswap in SEC sights

Recently the SEC – US Securities and Exchange Commission said it is investigating Uniswap.

A company spokesman commented that they Uniswap

"is committed to complying with the laws and regulations that govern our industry and to providing information to regulators that will assist them in any investigation."

The information comes in May to US regulators, caring more and more about the decentralized finance (DeFi) industry.

Gary Gensler, who is the chairman of the SEC, reported last month on authority plans for more rules regarding cryptoactives in view of DeFi, token proposals and stablecoins.

Gary signed a $125.000 deal at the end of August with blockchain analyst firm AnChain.Al to acquire technical assistance in monitoring and standardizing the DeFi industry.

Before the SEC moved to scrutinize DeFi, in late July Uniswap pulled several tokens and tokenized shares off its trading platform, pointing to increased regulatory pressure.

“We monitor the evolving regulatory landscape,” commented company Uniswap, presenting similar moves made by other members of the DeFi space.

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