Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the revenue opportunities on offer from the growing NFT industry for English football.

The Government has not made a specific assessment of whether Non-Fungible Tokens (NFTs) can benefit football in England.

The Cryptoassets Taskforce, consisting of Her Majesty’s Treasury (HMT), the Bank of England and the Financial Conduct Authority (FCA), was established in 2018 to explore the impact of crypto assets and the potential benefits and challenges of Distributed Ledger Technology (DLT) in financial services, as well as assessing what, if any, regulation is required in response. HMT is not currently proposing to bring NFTs into regulation.