RATE Group | Alibaba wins preliminary trademark injunction against cryptocurrency Alibabacoin
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Alibaba wins preliminary trademark injunction against cryptocurrency Alibabacoin

23 Oct Alibaba wins preliminary trademark injunction against cryptocurrency Alibabacoin

Posted at 21:29h in Cryptocurrency News by

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Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation.

The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 court documents in the U.S.’s Southern District of New York.

The case follows an attempt in April, which was denied on the grounds that “Alibaba has not met its burden to establish a reasonable probability that the Court has personal jurisdiction over Alibabacoin,” which is listed as being based…

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