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PFT Commenter
PFT CommenterPaying recruits in Bitcoin is 'theoretically legal' because the money isn't tangible
We just pay recruits in Bitcoin. Untraceable... Is there an NCAA law that you cannot pay your recruits in Bitcoin?... Bitcoin isn't tangible. It's theoretical. So, theoretically, we didn't do anything wrong... Global Worldwide Solutions Synergy Corporation. Theoretically legal. That's our tagline.
While NIL eventually made paying players legal, doing it via untraceable Bitcoin to circumvent the NCAA in 2017 was definitely illegal and against the rules.