which will be held today Formula 1host of the race Singapore, tapped into the visibility of crypto sponsors.
The market drop encourages country regulators to tighten rules. For investor protection, crypto has become a hot topic in many countries. Formula 1 in the past Miami Grand Prix There were dizzying demonstrations of crypto companies sponsoring the sport. The liveliness of both the country and the market was the biggest factor in this. Singapore, which keeps crypto regulations tighter, has followed a path that restricts advertisements in the race.
Crypto Ads Reducing in Singapore Formula 1 Race
About 3 years later Formula 1included in the calendar Singapore The regulators have imposed restrictions on the visibility of crypto sponsors. Sponsorship ads of crypto companies will appear less in the race, which will start today at 15:00 Turkish time.
Singapore Monetary Authority Teams will only be allowed to display their crypto sponsors’ logos on cars and uniforms at the Singapore Grand Prix, according to a statement. However, no advertisements will be placed around the track or in the local area.
Recently McLaren We have told you that the Formula 1 team will compete with a special crypto-focused design. Alongside overall collaboration, this shows teams taking a new path in line with stricter advertising guidelines.
