Bank of Canada files trademark claim for ‘digital dollar’ despite 86% of public objecting to the idea
A filing with the Register of Trademarks staked an ownership claim of the term ‘digital dollar’ and ‘digital Canadian dollar’ and also ‘central bank digital currency.’
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.