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Singapore Hits the Brakes on Crypto Ads at F1 Grand Prix


Crypto.com has paid millions to sponsor Formula One. When the event comes to Singapore later this month, that could mean a lot of empty space.

The company has been part of a drive by cryptocurrency firms to plaster their logos across F1, a high-octane sport whose audience has grown in recent years. Crypto mogul Sam Bankman-Fried’s FTX Trading Ltd. has a deal with Mercedes, Binance has signed on with Alpine, and Bybit has teamed up with Red Bull.



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