The Premier League has pledged to research the rising hyperlinks between cryptocurrency firms and golf equipment amid fears concerning the lack of regulation within the business.
Nevertheless, the league has additionally admitted that it’s contemplating a partnership with a cryptocurrency platform that gives “digital collectibles”, referred to as non-fungible tokens (NFTs), memorabilia that don’t exist in a bodily type and are used as belongings.
The concern for followers’ teams is that supporters are being tempted to purchase merchandise utilizing the brand new “digital cash” within the hope that its worth could improve. There are additionally fears that vital transaction charges are being paid and that kids are being tempted on to the platforms.
The Premier League has confirmed to The Occasions that it has no rules
