Binance Could Sponsor Argentina’s National Soccer Team

Binance could sponsor Argentina’s national soccer team and the agreement will last five years it is the first that the exchange signed with a national soccer team so let’s read more in today’s latest Binance news.

Binance could sponsor Argentina’s national soccer team and will be the naming sponsor of the national soccer league for five years according to the crypto announcement. The company said it has signed an agreement with Argentina Football Association as the governing body of Argentine soccer. This is the first deal Binance has closed with the national soccer team and the company said in a statement that Argentina is a two-time world champion that boasts arguably soccer’s best player Lionel Messi and one of the most passionate fan bases. As per Binance, the deal includes the development of the fan token that will be released to the market soon. Maximiliano Hinz, the director of Binance Latin America stated:

“Through this agreement, we hope to support Argentine soccer at all levels and raise awareness of Binance, the crypto world and blockchain to soccer fans across the country and the world.”

Leandro Petersen who is the AFA commercial and marketing manager said that the agreement will be an economic boon to the federation and the top teams of the company and will bring them closer to millions of fans around the world that will be able to acquire the new assets from the AFA.

As recently reported, According to a Reuters investigation, Binance hasn’t upgraded customer KYC checks and the report was based on interviews with dozens of former employees of Binance, busienss partners, and advisers as well as the review of the hundreds of documents. Binance refused to answer regulators’ questions about its operations and even turned down the German police’s request to track down fraudsters and scammers and ignored the compliance advisors’ recommendations to avoid customers in countries with money laundering risks while claiming to welcome regulation.

Binance CEO Changpeng Zhao even ignored senior staff when they voiced concerns about the weak KYC requirements. The crypto exchange recieved multiple warnings about its operations from regulators around the world about its activities like Japan and Singapore all while avoiding setting up global headquarters.