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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.
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