3/17/22, 12:36 PM
Why the NFL is Prohibiting Cryptocurrency - About Victor Jung | Victor Jung | Business Development and Financial Planning Sol…
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Why the NFL is Prohibiting Cryptocurrency by Victor Jung | Feb 24, 2022 | Business, Entrepreneurship, Financing, Leadership, Real Estate, Victor Jung
The National Football League (NFL) has decided to prohibit crypto-related transactions at this year’s Super Bowl because they could open the door to fraud or other illicit activity. Is the NFL’s ban temporary or permanent? Much like the NBA has a ban on cryptocurrency, the National Football League also prevents its players from accepting cryptocurrency as payment. The NFL has banned all bitcoin and other cryptocurrencies to deter teams from investing in this digital currency because it disrupts their current sponsorships. Background The NFL has banned cryptocurrency ownership as a whole, and the specific reason for doing so will be explained. For a long time now, NBA teams could accept cryptocurrency for sponsorship because it was straightforward to convert bitcoin into dollars. However, https://victorjung.com/why-the-nfl-is-prohibiting-cryptocurrency/
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