The Board of Control for Cricket in India (BCCI) has banned cryptocurrency advertisements and sponsorships from the Women’s Cricket League (WCL) in India. The decision comes amid growing concerns about the unregulated and volatile nature of the cryptocurrency market.
BCCI, which is the governing body of cricket in India, stated that the decision was taken in the interest of the players and the game. The move is aimed at preventing any potential harm to the players and maintaining the integrity of the game, media reports said.
The ban on cryptocurrency ads and sponsors have been imposed on all teams participating in the women’s cricket league, including players, support staff, and team owners. The decision will be enforced in all aspects of the tournament, including match broadcasts, team uniforms, and advertisements.
The BCCI’s decision has received mixed reactions from the cricketing fraternity. Some experts believe that the ban is a necessary step to ensure that the game is not compromised by the volatile and speculative nature of the cryptocurrency market. Others, however, feel that the ban is too restrictive and may limit potential sponsors from investing in the league.
WCL is one of the fastest-growing cricket leagues in the world, and its popularity has been on the rise in recent years. The league has attracted many top players from around the world, and the competition promises to be an exciting and entertaining one for fans.
