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Arsenal in hot water with UK’s advertising regulator over fan tokens: Report
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ambcrypto.comUK’s advertising watchdog recently noted that two promotions of Arsenal’s fan tokens ($AFC) broke its code, as per a report by BBC.
The development comes after seven crypto ads were banned by UK’s Advertising Standards Authority (ASA) recently. ASA had said that the ads were “banned for irresponsibly taking advantage of consumers’ inexperience and for failing to illustrate the risk of the investment.”
This time around as well, the watchdog argued that the club “failed to illustrate the risk of the investment,” noting,
“The ads must not appear again in the form complained about.”
Meanwhile, the report added that the club might seek an independent review of the ruling. This is based on Arsenal’s argument that it provided information around
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