Crypto

Michael Owen 'breached UK law by promoting an unlicensed cryptocurrency casino on Twitter'

Author: Live Casino Direct
 
Michael Owen 'breached UK law by promoting an unlicensed cryptocurrency casino on Twitter'
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Michael Owen has deleted two posts on Twitter promoting unlicensed cryptocurrency casino 'Punt Casino'. ASA ordered him to delete the posts as they breached UK law on gambling advertising.

Michael Owen has deleted two Twitter posts promoting unlicensed cryptocurrency casino 'Punt Casino' on May 16th. ASA ordered him to delete the posts as they breached UK law on gambling advertising. Punt is based on the Caribbean island of Curacao and accepts cryptocurrency like Bitcoin and Etherum as payment. It is a fully licensed CurACao casino operating under the rules and regulations associated with that license. Punta Casino takes its responsibilities as a legitimate and licensed casino operator very seriously. Owen also came under fire for encouraging people to invest in his latest NFT venture.

A NFT is a unique digital token encrypted with an artist's signature. Most N FTs are sold in so-called 'drops' on marketplaces like Nifty Gateway, Opensea and Rarible. Nfts originated in Colored Coins and moved into the mainstream five years later when the game CryptoKitties began selling virtual cats.

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UK's has accused former professional footballer Michael Owen of promoting an unregistered crypto casino, as he allegedly posted two tweets advertising Punt Casino, violating existing laws regulating the gambling advertising sector. Even though Punt Casino has an active license in the Caribbean Island of Curacao, the ASA insisted that it has no…
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