Today news
About the same in other media
British watchdog censures soccer club Arsenal over crypto token ads
Reading now: 268
moneycontrol.comBritain's advertising watchdog warned Arsenal on Wednesday over ads for its "fan tokens," a type of cryptocurrency embraced by soccer clubs this year as coronavirus pummelled their revenues.
The Advertising Standards Agency (ASA) said two ads posted in August on Arsenal's website and on Facebook were "misleading" as they did not make clear the risk of trading crypto, potential tax implications or that the tokens are not regulated in Britain.
It said the ads must not appear again in the same form.
Fan tokens allow supporters of soccer and other sports clubs to vote on minor decisions such as songs played at matches after a goal is scored, or images used on social media.
The tokens, which can be traded on exchanges like other cryptocurrencies,
Read more on moneycontrol.comAbout this in other media
COVID-19: Austrian resorts concerned over new tourist entry rules euronews.com /2 years ago
Christmas Eve trade slumps in British high streets over Omicron risk theguardian.com /2 years ago
Green cards, cannabis and a strip club: JCB heir in US legal battle theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
