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Breaking! Pi Network Secures Trademark in the United States: A Step Towards Legal Protection - hokanews

 

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Breaking! Pi Network Secures Trademark in the United States: A Step Towards Legal Protection - hokanews 


hokanews.com - Pi Network, a burgeoning crypto platform, has recently taken a significant step by filing for trademark protection in the United States. On January 20, 2023, Pi Network submitted an application for trademark protection, which was accepted and assigned for verification. However, there is a need for adjustment in the classification of certain services.


The trademark application encompasses protection for several key services, including downloadable computer software for managing crypto transactions using blockchain technology. Additionally, Pi Network has registered services for crypto mining and exchange using blockchain technology, along with providing temporary use of computer software for managing crypto transactions and modifying computer networks in the crypto sector.


However, there is a correction needed in the classification of crypto mining services, which was previously misclassified as Class 036 instead of the appropriate Class 042. This correction is crucial as the accurate classification is a legal requirement for trademark registration.


Despite this classification adjustment, it does not impact Pi Network's ability to provide financial services. Classes 042 or 036 are purely legal aspects in the trademark registration process.


Authorities expect the correction to be completed by the end of January 2024, with the projected approval of Pi Network's trademark registration in the United States in early 2024.


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This move underscores Pi Network's commitment to ensuring legal protection of its brand identity in the ever-evolving and competitive crypto landscape. It further solidifies Pi Network's position as a major player advocating for innovation in blockchain technology and crypto services that add value to its users.


With these steps, Pi Network exemplifies the importance of legal protection in building a strong foundation in the rapidly expanding crypto industry.



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