According to the BBC, Crypto.com has cancelled its sponsorship of the Champions League with Uefa.Information Guide Nigeria
Concerns over tighter cryptocurrency regulation are said to have caused the agreement, worth £428 million over five seasons, to collapse at the “last minute.”
After Uefa severed ties with the Russian energy supplier over the conflict in Ukraine, the cryptocurrency exchange site was slated to take over for Gazprom.
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The worries are believed to be related to conceivable legal trading limitations.
With more and more football sponsorship deals being confirmed, digital assets have emerged from the economic margins and into the mainstream over the last few years.
Uefa claims that the cryptocurrency industry has assisted clubs in filling in some of the lost revenue streams as a result of the pandemic.JAMB Result
However, detractors claim there are worries about the cryptocurrency market’s volatility, particularly that the rapidly falling value of tokens may expose users to debt.
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