Arsenal fan token ads banned by regulator
The UK authorities believe that it violates the country's legislation
23.12.2021 - 08:25
499
1 min
0
What’s new? The Evening Standard reports that all Arsenal Football Club's advertising campaigns related to the promotion of the fan token have been banned in the UK.
What is the reason for the ban? According to the UK Advertising Standards Authority (ASA) representatives, the club has misled viewers and used their inexperience. The ads, featuring the top players, presented investments in cryptocurrencies as a simple and easy action. That said, the regulator believes that the users were not sufficiently aware of the possible risks.
The ASA pointed out that under UK law, the club's fan token represents cryptocurrency. That is, the advertisement should have included information “that capital gains tax could be payable on profits from investing.” The club representatives said they will comply with the regulator's decision.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 892
BTC
+0.42%
-
Ethereum
$3 473.08
ETH
+4.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.58
XRP
+9.13%
-
Dogecoin
$0.461764
DOGE
+14.7%
-
Cardano
$1.14
ADA
+24.64%
-
Stellar XLM
$0.48733
XLM
+65.04%
-
Polkadot
$8.63
DOT
+38.54%
-
Bitcoin Cash
$532.18
BCH
+10.39%
-
Litecoin
$104.4
LTC
+15.75%