Arsenal fan token violates dsme arketing rules, according to British agency

Arsenal fan token violates dsme arketing rules, according to British agency" title="Arsenal fan token violates dsme arketing rules, according to British agency" />

English football club Arsenal broke advertising rules by promote your fan token, according to the UK Advertising Standards Authority (ASA). The token was incorrectly promoted through a web page and a Meta post, according to the regulatory body.

Specifically, the football club "failed to illustrate the risk of the investment", according to the ASA, and "must not appear again in the form claimed". Arsenal said it had stated that there were financial risks involved and that it would have an independent review of the matter.

O fan token Arsenal has the symbol $AFC. The ASA says the breaches have to do with promoting the asset on Arsenal's official website and the club's Meta page. The ASA said there were issues regarding irresponsibility and viewer deception with these two posts.

One of the key statements by the ASA was that football clubs must clearly inform viewers that fan tokens are crypto assets, and also say that:

“The value of investments in cryptoassets is variable and that cryptoassets are not regulated.”

UK authorities have been very cautious about the crypto world and announcements related to this market. The ASA already forbade several advertisements and issued a red alert on advertisements of cryptocurrencies.

Popularity of fan tokens

Crypto assets are gaining more and more value in the world of sports. They tap into the collective spirit of team fans and can greatly benefit those who support their teams. You fan tokens have already surrendered million to football clubs around the world.

THE Premier League England, the NBA and MLS sought to incorporate cryptocurrencies into their brands. Several football clubs, from Barcelona to Juventus, also released their tokens. Many of them were launched through the sports-oriented Socios.com platform.

Fan tokens are unlikely to suddenly disappear. On the contrary, they are only expected to grow in adoption, but there is no doubt that regulators will start to apply rules and restrictions in relation to these assets.

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