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Arsenal football club in dispute with ASA over 'irresponsible' crypto ad
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The Advertising Standards Authority (ASA), a body that oversees advertising in the United Kingdom, is cracking down on non-compliant crypto advertisements.
Earlier this year, Arsenal became one of the many football clubs to collaborate with blockchain firm Chilliz and launch a fan token. On August 12 this year, the club promoted its fan token AFC on its official Facebook page, which the ASA has banned for allegedly violating its advertising rules. The agency stated that the post did not highlight the risks involved in the investment.
In a different event, as per a BBC report, the monitor claims that the topic of content on Arsenal's official website - particularly a page published on August 6, 2021, with the title '$AFC Fan Token:
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