Concerns raised over football clubs promoting risky crypto products to fans
- MPs in UK warn football crypto products like fan tokens could lead to financial losses for supporters.
- Report highlights volatile nature of cryptocurrencies such as Bitcoin and Ethereum.
- Non-fungible tokens (NFTs) also seen as risky investments by lawmakers.
- Clubs accused of exploiting loyal fans by pushing cryptoassets without meaningful engagement.
- Tottenham Hotspur's deal with Socios fan tokens opposed by supporters trust.