Gespa Evaluates FIFA’s Blockchain Tokens for Compliance
- Switzerland’s gambling regulator, Gespa, is examining the Fédération Internationale de Football Association (FIFA)’s blockchain-based “right-to-buy” tokens.
- The investigation focuses on whether these tokens comply with Swiss national gambling laws.
- Manuel Richard, director of Gespa, stated that an initial internal assessment did not provide enough evidence to conclude the inquiry.
Gespa is assessing FIFA’s use of blockchain technology in its ticketing system to ensure compliance with national gambling regulations. The ongoing inquiry reflects the complexities of integrating blockchain-based tokens into traditional industries like sports and entertainment.
The lack of sufficient grounds from the initial assessment indicates that further investigation is needed to determine if FIFA’s token system aligns with Swiss law requirements. (Source)
