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Stop soccer clubs using crypto tokens for fan engagement, say UK MPs

Soccer fans at the game between Wolverhampton Wanderers and Aston Villa
Soccer fans at the game between Wolverhampton Wanderers and Aston Villa. Photo: James Baylis – AMA/Getty Images

Clubs accused by DCMS report of promoting ‘volatile’ schemes.

A cross-party committee of UK MPs has recommended that soccer clubs should be prevented from selling crypto-based ‘fan tokens’ that are presented as a method of supporter engagement. It also identified serious concerns over the impact of NFTs on intellectual property rights, and on advertising standards.

A report from the