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Football-legal
31
Dec
2021
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Antonio QUINTERO
Governance
Article
Mexico El Salvador Argentina Brazil Colombia Venezuela (Bolivarian Republic of)
Football Legal # 16

Crypto Active Legal Context in Latin American Football


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Disruptive technologies are coming to Latin America in a big way, even if it is only the beginning and the football world is still experimenting with these technologies. However, the situation differs from country to country. The author offers an overview of the main Latin American countries.

Blockchain is the latest technology in international football. This technology is changing the Internet completely. It gives the Internet certified information, security and private power. Blockchain allows the creation of cryptocurrencies, crypto actives (digital land, spaces goods, tokens [fungible and non-fungibles - NFT]), the Web 3.0, smart contracts and many more things. This is why everything is changing, because it will play a fundamental part in the new immersive Internet or digital world.

International football cannot avoid this reality. Now football clubs and leagues are selling tokens, are being sponsored by crypto companies and even accepting payment in cryptocurrencies. There are even inquiries about establishing a Third-Party Ownership (TPO) using these new technologies, which we all know is against FIFA Regulations. However, some clubs are even attaching...

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Topics
  • Governance
Keywords
  • National Law
  • Non-Fungible Tokens (NFTs)
  • Cryptocurrencies
  • Blockchain
Authored by
Antonio QUINTERO
About Antonio QUINTERO
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