World · Regulation · United Kingdom ·
UK authorities freeze $13.5M linked to crypto sponsor under investigation
The UK National Crime Agency froze $13.5 million in cash under court order as part of an investigation into Sorare, the Premier League's crypto sponsor. Authorities confirmed no wrongdoing by the Premier League itself.
Why it matters for the crypto market
Enforcement action against a major sport-backed crypto company demonstrates active UK scrutiny of crypto firms and their funding sources, reflecting regulatory risk in the sector.
Source: CoinDesk
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