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British MPs urge action on NFT copyright infringement, crypto fan tokens

A bipartisan parliamentary committee has urged the government of the United Kingdom to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets.In an Oct. 11 press release, Culture, Media and Sport Committee members warned the “most pressing issue” was

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Stoner Cats NFTs ‘fan crowdfunding’ not securities: SEC’s Peirce, Uyeda

The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. On Sept. 13, the SEC charged Stoner Cats 2 LLC, the firm

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Binance to bring fans closer to sports teams with fan token platform

Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders. In an announcement sent to Cointelegraph, the crypto exchange said that its fan club program will now let fans gather points

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