The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose fans to financial harm while creating legal, money laundering and reputational risks for clubs.
Summary
- The FCA has warned Premier League clubs that sponsorship deals with unauthorised crypto firms could expose supporters to financial risks and leave clubs facing legal and reputational consequences.
- UK regulators have raised concerns that some crypto companies may be using football sponsorships to promote financial products without the required authorization.
- The warning comes as the FCA prepares a full crypto regulatory regime, with authorization…
