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Bank of Canada files trademark claim for "digital dollar" despite 86% of public objecting to the idea
Despite an overwhelming majority of Canadians opposing that the creation of a “digital dollar,” the Bank of Canada (BOC) has forged ahead by filing a trademark for a “digital” buck.
As per Blacklock’s Reporter, on December 13, the BOC made a filing with Canada’s Register of Trademarks under the Trademarks Act to stake ownership claim of the term “Digital Dollar” and “digital Canadian dollar.” Also filed under the Act was “central bank digital currency,” with all filings done in English and French.
The BOC gave no reason for filing the trademark or was any public hearing held as to whether Canadians want such a thing.
The BOC’s trademark claims were made with the help of bank lawyers and under section 9 of the Trademarks Act, which allows any “public authority” the ability to claim exclusive as well as perpetual rights to phrases used in common everyday conversations without objection nor notice.
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