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Socios.com granted injunction in legal fight with AFA over Binance deal

Socios.com, the blockchain-enabled fan token platform, has welcomed news of an injunction secured against the Argentinian Football Association as it seeks to protect its agreement in the wake of a deal announced this week between the football governing body and fellow blockchain firm Binance.

Socios.com said that Argentina’s National Commercial Tribunal has “seen fit” to grant its request and issued the injunction ordering the AFA and agency Torneos y Competencias “to recognise the agreements signed with Socios.com, including the fan token, sponsorship of the national team and naming sponsor, and to refrain from performing any action, carry out any proceeding, or apply any measure that would hamper the exercise of Socios’ exclusive rights”.

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