The Super Bowl 2023, which is celebrated this February 12 with the participation of the singer Rhiana to entertain the match between the Kansas City Chiefs and the Philadelphia Eagles, will not have cryptocurrency advertising.

Unlike the previous year, when crypto flooded the sports event, this year there are no announcements of these currencies due to the crisis that the market is experiencing after the bankruptcy of FTX, which dragged down other exchanges and caused damage to dozens of clients.

According to the informative signal of the event, Fox Sports, in this edition of the largest event in American football, to be held at the State Farm Stadium in Glendale, Arizona, the advertising of Bitcoin or any other cryptocurrency will be prohibited, due to the damages that This sector has suffered after the FTX scandal.

In the previous edition, crypto ads gained ground, causing many to consider the event the “Crypto Bowl”. Advertisers like eToro, Coinbase, FTX and Crypto.com marked Super Bowl 2022, paying up to $7 billion for 60 seconds on screen.

Marx Evans, executive vice president of Fox Sports, noted that the decision to cancel any cryptocurrency advertising was made after FTX went bankrupt in November last year.

M.Pino

Source: iproup

(Image reference source: Keith Johnson, Unsplash)

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La entrada Super Bowl 2023 suspends cryptocurrency advertising apareció primero en Bitfinance.

The Government of Spain is working on a way to cover all the legal voids in cryptocurrencies, this is how the Extraordinary Council of Ministers approved a reform that will allow the National Securities Market Commission (NSMC) to monitor advertising on investment in digital assets.

As soon as the reform is applicable, the NSMC may authorize or ban any advertising on investment in crypto assets.

A capacity that will also be applicable for campaigns formulated from institutions that are not under the umbrella of their direct supervision, which includes the vast majority of bitcoin trading platforms and others that operate in Spain.

All this occurs at a time when Europe is waiting for a regulatory framework that defines all the rules related to cryptocurrencies in general. Brussels is currently negotiating a set of rules known by the acronym MiCa.

At the moment, the only regulation that had been formulated on crypto assets in Spain was on their taxation, a measure with which the Government hopes to avoid fraud and collect about 40 million euros.

K. Tovar

Source: El Español

La entrada Spain will monitor cryptocurrency advertising apareció primero en Bitfinance.