UK FCA Warns Premier League Clubs Over Unauthorized Crypto Sponsorship Deals

According to the UK Financial Conduct Authority (FCA), the regulator has sent letters to Premier League clubs and other football organizations, warning that sponsorship deals with unauthorized crypto companies may violate UK financial services law and pose risks to fans. The FCA stated that collaborations with unlicensed firms have increased, with some companies appearing to operate illegally. The regulator is coordinating with the government, the Premier League, and the new independent football regulator to address unauthorized financial services marketing in professional football.
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