Premier League clubs under investigation over questionable crypto partnerships


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The Premier League soccer club has taken a closer look at the growing number of cryptocurrency deals signed by its clubs, according to reports.”The Times.

The higher level of the country’s football regulation hierarchy does not regulate such partnerships.

The news comes after Manchester City were forced to put a deal on hold regarding a cryptocurrency project, after it emerged that the executives mentioned in the press release had no kind of offline presence.

This gave ground to speculation about whether or not the company actually existed.

According to The Times, the EPL itself is considering forming a link to a platform that offers non-fungible tokens for digital collectibles.

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With cash in short supply, clubs view cryptocurrency and NFT as a viable source of income, but they are also concerned about its negative impact on fans.

Read also:

Learn about the story of the “hamster” who trades in cryptocurrencies and makes returns from them!

Jack Dorsey resigns as Twitter CEO… Will he devote himself to the crypto market?

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