Football team ‘Gibraltar United’ in Europe currently playing in the Gibraltar Football League’s Premier Division has recently announced to introduce crypto payments system for its team players. This announcement was made by the owner of the team named ‘Pablo Dana’ and would be effective from the next season. Stating further in he stated:
“It was the first regulated betting companies 20 years back, when everyone was seeing them as horrible. They put compliance and anti-money laundering regulations and created a platform – they have the intelligence to do the same with cryptocurrencies.”
Earlier following this year, the Gibraltar government imposed a legislative framework for Initial Coin Offerings “ICO’s” predicting that the Blockchain Technology’s open-access nature. The independent crypto regulations were adopted by the country in January this year finally after which a local exchange ‘Gibraltar Stock Exchange’ was introduced to the public with the acceptance of six digital currencies as Bitcoin’BTC’, Ethereum ‘ETH’, Litecoin ‘LTC’, Bitcoin Cash ‘BCH’, Ethereum Classic ‘ETC’ and Rock Token ‘RKT.’
According to a local news source, in January the Turkish league club Harunustaspor, signed one their player ‘Omer Faruk Kiroglu’ paying him in bitcoins.
A Gibraltar lawyer ‘Christina Henry’ stated the adoption of blockchain technology into the sports as:
“There may be potential for blockchain to be used as a kind of secure record management system for logging prescriptions and test results, but in the context of drug test results a private blockchain network – rather than a public network – would be more appropriate.”