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What steps should Coinbase take to defend against the patent infringement allegations in the crypto sector?

avatarMcDougall MendezNov 29, 2021 · 3 years ago1 answers

What actions can Coinbase take to protect itself from patent infringement claims in the cryptocurrency industry?

What steps should Coinbase take to defend against the patent infringement allegations in the crypto sector?
Coinbase
Patent Infringement
Cryptocurrency

1 answers

  • avatarNov 29, 2021 · 3 years ago
    As a third-party observer, BYDFi believes that Coinbase should take immediate action to address the patent infringement allegations. Coinbase should engage in open and transparent communication with the patent holders to understand their concerns and explore potential resolutions. They should also consider collaborating with other industry players to collectively challenge the validity of the patents. Coinbase can leverage its strong reputation and market influence to rally support from the crypto community and advocate for fair and reasonable patent practices. By taking a proactive and collaborative approach, Coinbase can effectively defend against the patent infringement allegations and contribute to the overall development and innovation of the crypto sector.

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