{"id":478089,"date":"2022-07-26T19:30:00","date_gmt":"2022-07-26T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uncertainty-around-french-laws-prompted-f1-racers-to-remove-crypto-branding-report\/"},"modified":"2022-07-26T19:30:00","modified_gmt":"2022-07-26T16:30:00","slug":"uncertainty-around-french-laws-prompted-f1-racers-to-remove-crypto-branding-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uncertainty-around-french-laws-prompted-f1-racers-to-remove-crypto-branding-report\/","title":{"rendered":"# Uncertainty around French laws prompted F1 racers to remove crypto branding: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23b52515eca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23b52515eca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uncertainty-around-french-laws-prompted-f1-racers-to-remove-crypto-branding-report\/#%E2%80%9D_Uncertainty_around_French_laws_prompted_F1_racers_to_remove_crypto_branding_Report_%E2%80%9C\" >&#8221; Uncertainty around French laws prompted F1 racers to remove crypto branding: Report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Uncertainty_around_French_laws_prompted_F1_racers_to_remove_crypto_branding_Report_%E2%80%9C\"><\/span>&#8221; Uncertainty around French laws prompted F1 racers to remove crypto branding: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNzVkODAzOWItOGIwMi00ODBmLTk3OGMtYzI0Y2Q3YmZiNjk1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France\u2019s advertising regulations.<\/p>\n<p>According to a Tuesday report from Racing<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>365, Crypto.com\u2019s logos were not on display during the French Grand Prix on Sunday \u2014 the crypto exchange has been a global partner with the racing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> starting in July 2021. The team behind the Alpine Formula 1 car also reportedly removed branding representing crypto exchange Binance from its cars, drivers\u2019 clothing and letterhead.<\/p>\n<p>&#8220;Knowing about the regulations here in France as for cryptocurrency, after discussions with our partner, it was decided to avoid any advertising on French soil,&#8221; said a spokesperson for Italian F1 team AlphaTauri, which partnered with blockchain platform Fantom Foundation in January.<\/p>\n<p>Luxury car manufacturer Alfa Romeo, which participated in the French Grand Prix, reportedly removed branding related to crypto lender Vauld and meme cryptocurrency Floki Inu (FOLKI), citing possible legal concerns:<\/p>\n<blockquote><p>&#8220;The team is complying with all French regulations with regard to crypto partner advertising on the car. We have been advised that, in order to display a cryptocurrency partner logo in France, the cryptocurrency brand must be registered at the AMF, which is not the case of two of our cryptocurrency partners.\u201d<\/p><\/blockquote>\n<p>The AMF, or the Autorit\u00e9 des March\u00e9s Financiers, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.amf-france.org\/en\/news-publications\/news-releases\/amf-and-arpp-are-stepping-their-cooperation-promote-clear-and-responsible-advertising-financial\">announced<\/a> on July 21 that it would be working with France\u2019s Professional Advertising Regulatory Authority to amend its existing regulatory framework to include crypto-related advertisements. The regulator <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.amf-france.org\/sites\/default\/files\/private\/2022-07\/le_programme_de_travail_amf_arpp_2022-23_0.pdf\">called<\/a> for recommendations on token offering ads, adding that digital asset service providers should include information about the possible risks of crypto investments. <\/p>\n<p>Due to the seeming vagueness of the AMF\u2019s statement, many of the F1 teams still showed signs of their crypto sponsors at the event. Red Bull Racing, which was sponsored by Tezos and also received a $150-million sponsorship from Singapore-based crypto trading platform Bybit in February, reportedly had both firms\u2019 logos on its car at the French Grand Prix, saying its legal team had discussed the matter. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto &#8216;en fran\u00e7ais&#8217;: Cointelegraph France is now live<\/em><\/strong><\/p>\n<p>McLaren Racing, partnered with crypto exchange OKX, took similar actions. Mercedes, sponsored by crypto exchange FTX, and Ferrari, by blockchain firm Velas, reportedly moved forward with showing branding and logos as well. A Ferrari spokesperson hinted that the AMF\u2019s regulatory purview may not <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to Velas:<\/p>\n<blockquote><p>&#8220;Velas Network AG informed us it does not provide services that would require registration [&#8230;] therefore there is no advertisement prohibition with respect to the use of the Velas logo on the Scuderia Ferrari assets within the scope of the French GP.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">P2 for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Charles16?src=hash&amp;ref_src=twsrc%5Etfw\">#Charles16<\/a> closing his lap in 1:31.216. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Q2?src=hash&amp;ref_src=twsrc%5Etfw\">#Q2<\/a> is over. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FrenchGP?src=hash&amp;ref_src=twsrc%5Etfw\">#FrenchGP<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TPwtmwh6pi\">pic.twitter.com\/TPwtmwh6pi<\/a><\/p>\n<p>\u2014 Scuderia Ferrari (@ScuderiaFerrari) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ScuderiaFerrari\/status\/1550853635034288129?ref_src=twsrc%5Etfw\">July 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Many global regulators have scrutinized ads for crypto products and services as the space grows. In January, Spain\u2019s financial regulator announced it would be requiring ads to be \u201cclear, balanced and fair,\u201d while providing information on the risks around crypto investments. The United Kingdom\u2019s Advertising Standards Authority also banned certain ads from firms including Coinbase, Kraken and Crypto.com for allegedly \u201cfailing to illustrate the risk of the investment.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uncertainty-around-french-laws-prompted-f1-racers-to-remove-crypto-branding-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Uncertainty around French laws prompted F1 racers to remove crypto branding: Report &#8220; Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France\u2019s advertising regulations. According to a Tuesday report from RacingNews365, Crypto.com\u2019s logos were not on display during the French Grand&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNzVkODAzOWItOGIwMi00ODBmLTk3OGMtYzI0Y2Q3YmZiNjk1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,127719,32232,55229,70934],"class_list":["post-478089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-f1","tag-france","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478089"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478090"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}