The UK parliament reported that serious regulations should be introduced against NFTs and fan tokens.
A committee comprising UK MPs 10 October Wednesday NFTs And fan tokens He published a harsh report about him and called for action. In the presented report, the volatile nature of fan tokens affects both fans and sports clubs. may harm It was claimed that such projects should be banned. The committee also reviewed the NFT market a serious regulation He recommended that the government publish codes of conduct for NFT platforms at this point, arguing that it is needed.
Making a statement on the subject Dame Caroline Dinenage, Chair of the Culture, Media and Sport CommitteeHe emphasized that NFT projects can easily violate the copyrights of artists and that misleading advertisements in this field make the already risky structure even more dangerous:
Artists face the risk of seeing the fruits of their hard work stolen and promoted without permission, while fraudulent and misleading advertising creates an extra layer of danger for investors involved in what is already an inherently risky business.
In the presented report, fan tokens contagiously While it is claimed that these tokens can cause serious damage to the sports industry, these tokens are not issued by official sports clubs. to be kept separate It was stated that it was necessary.
Committee chair Dinenage hears about fan tokens worry He expressed it with the following expressions:
In the world of sports, clubs promote volatile cryptocurrency schemes by promising privileges and benefits that often do not materialize in order to extract additional money from loyal fans. However, we are concerned that clubs may offer fan tokens as a viable form of fan engagement in the future, despite price fluctuations and reservations among fan groups.
UK based sports clubs Manchester City, Arsenal And Tottenham Hotspur While fan tokens already exist, this call from MPs is thought to be an answer to this rapidly expanding sector.
England, 8 October As of date, it has been among the countries that have demonstrated a clear stance on this issue by implementing serious regulations targeting the cryptocurrency sector.