Crypto Ads Banned from India’s Women’s Cricket League
• The Board of Control for Cricket in India (BCCI) has banned all commercial associations with crypto businesses in the women’s cricket league.
• This follows a similar ban already implemented on men’s cricket Premier League back in 2022.
• Before the ban, Indian Premier League had collaborated with two local crypto exchanges — CoinSwitch Kuber and CoinDCX.
Crypto Ads Banned from Women’s Cricket League
The Board of Control for Cricket in India (BCCI) has recently prohibited any kind of commercial association with cryptocurrency businesses from the Women’s Premier League teams. The 68-page advisory issued by BCCI specified activities which couldn’t be advertised, including cryptocurrencies, gambling and tobacco industries.
Similar Ban Already Implemented on Men’s Cricket
This ban is not a surprise as a similar prohibition was introduced back in 2022 to the men’s cricket Premier League. Before that, Indian Premier League had collaborated at least with two local crypto exchanges — CoinSwitch Kuber and CoinDCX. However, due to responsibility concerns, both crypto businesses decided not to advertise in the Premier League in March 2022.
Indian Authorities Demonstrate Tough Stance on Cryptocurrencies
Through this preemptive ban on crypto advertising and sponsorships in the women’s cricket league, Indian authorities have once again demonstrated their tough stance on cryptocurrencies. This move was taken despite growing public interest towards digital assets and blockchain technology adoption across different industries within India.
Impact of Ban Yet to Be Seen
It remains unclear how this decision will affect the overall development of cryptocurrency-related businesses and projects within India or whether it will influence its global reputation as one of countries at the forefront of blockchain technology adoption.
Despite increasing popularity of cryptocurrencies across different sectors worldwide, Indian authorities remain determined to restrict its usage within their jurisdiction through imposing bans such as this one on women’s cricket league teams.