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Arsenal football club in dispute with ASA over ‘irresponsible’ crypto ad

Published 12/22/2021, 07:37 AM
Updated 12/23/2021, 10:20 AM
© Reuters.

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 Chiliz and launch a fan token. On Aug. 12 this year, the club promoted its fan token AFC on its official Facebook (NASDAQ:FB) 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.

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