Sports: Cryptoassets
(asked on 2nd November 2022) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, if she will make an assessment of the potential impact of sports club (a) partnerships with crypto companies and (b) promotions of cryptoassets on the level of risk for sports fans.
Answered by
Stuart Andrew
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 7th November 2022
The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.
The variety of crypto asset products is wide and evolving. We have always encouraged innovation in sports markets but this must be done with the interests of fans in mind and must be transparent on risks.