CJ - Cryptocurrency Enthusiast
Pokémon Company is suing an Australian cryptocurrency business over its NFT game
Pokémon Pty Ltd is promoting a brand-new mobile game for the NFT-based Pokémon franchise
A cryptocurrency game called PokéWorld is supposedly being released by Pokémon Pty Ltd
The Pokémon Company International is suing Pokémon Pty Ltd for promoting a new Pokémon smartphone game based on Non Fungible Tokens, according to documents filed with the Federal Court of Australia.
Requester wants to prevent responders and associated companies from claiming to have a license to create Pokémon games or to be affiliated with Pokémon Company International, Inc. or the Pokémon brand. The Pokémon Company International is the rightful owner, but Pokémon Pty Ltd is an Australian cryptocurrency ring that is illegally marketing a Pokémon NFT crypto mobile game by brazenly copying the former's intellectual property, which is worth tens of billions of dollars.
The Australian business has created and promoted a website called Kotiota Studios to publicize the release of this NFT market game. Additionally, they have stated that they are currently working on Pokémon Scarlet and Violet, Pokémon Home, and even the yet-to-be-released Pokémon Sleep.
When the Kotiota Studios team attempted to get in touch with media outlets to generate discussion about their game, they were informed of this scenario by The Pokémon Company International. On December 19, 2022, a lawsuit was brought against Kotiota Studios, and on December 21, 2022, the first hearing took place. Kotiota Studios didn't show up, but The Pokémon Company International's legal counsel did.
The Pokémon Company International has requested that the court seek an order prohibiting Pokémon Pty Ltd from using their trademarks on the website and social media, as well as to prevent the company from releasing the game and selling any NFTs that make use of their IP.
In the legal agreements, Pokémon Company International makes clear that they are not one of their contractors. The Pokémon Company International, The Pokémon Company, and Nintendo "had taken a deliberate choice not to introduce any Pokémon NFTs," according to the company's legal representative. The court notes that the Pokémon Company International has a compelling argument and requests further details before considering costs or damages. Further legal action may be taken against them (Pokémon Pty Ltd) if they don't reply.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards