cryptocurrency laws

  • Ex-football star broke UK gambling and advertising laws.
  •  the ASA (Advertising Standards Authority) asked Owen to delete his UK laws-breaching-twitter posts.
  • The government put up a national geofence to block UK users from accessing the site.

Every year, it is very common to witness some celebrities posting something on Twitter that was supposed to be good at first, but then turn into a controversy eventually resulting in either a steep decrease in the follower count of that celeb or starting beef with the government.

What is the controversy about?

This happened once again when recently, the famous superstar of an ex-English Football team posted about a Punt Casino, which turned out to be an unlicensed cryptocurrency club.

According to sources, those tweets (now deleted) breach the UK laws of gambling and marketing.

Along with that, the ASA (Advertising Standards Authority) asked Owen to delete the UK laws-violating posts of his promotion of NFTs which marketed those cryptocurrency products.

After this, the government decided to block Punt Casino’s website for national users. This means that only people outside this area can access this website and no one else.

Why do stars tweet such posts?

The career span of a sportsperson is very short. It doesn’t matter how good you play, you always know that soon, your body will have enough of it and you have to leave the game far behind you. So what are the alternative lifestyles for sportsmen after their retirement?

A few of those are mentioned below:

  • Fitness Coach
  • Dietician
  • Motivational Speaker
  • Commentator

But there is another career option other than these. That is a gambling advertiser.

This field is so deeply inbuilt in the football industry, specifically, the UK football industry that out of the 20 Premier League clubs, 10 have gambling firms.

This is why Micheal Owen posted a gambling advertisement about a cryptocurrency Casino. It just turned out to be deemed illegal by the government as well as the UK Gambling Commission.

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