Fourteenth Report - NFTs and the Blockchain: the risks to sport and culture

Select Committee
Culture, Media and Sport Committee HC 598 11 October 2023
Report Status Response document linked Recorded deadline: 11 Jan 2024

Missing links do not establish that no response was published. A linked document does not verify responses to individual findings.

Conclusions & Recommendations 4 items (4 recs)
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Government response
Fourth Special Report - NFTs and the Blockchain: the risks to sport and culture: Government Response to the Committee’s Fourteenth Report of Session 2022–23 · published 12 Jan 2024
Read the government response ↗ Response on the tracker

Recommendations & Conclusions

4 results
1 Recommendation
Para 18
Introduce a code of conduct for online marketplaces protecting creators from infringing material.
Recommendation
Intellectual property laws and copyright protection are central to enabling artists to create, innovate and make a living from their work. Emerging technologies that undermine these protections have a profound impact on individual artists and the UK’s world-leading creative industries … Read more
Department for Culture, Media and Sport
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2 Recommendation
Publish analysis of Article 17 implementation and equivalent international copyright approaches by year-end.
Recommendation
We recommend that the Government publishes its analysis of the implementation of Article 17 of the European Union Directive on Copyright in the Digital Single Market, and equivalent approaches undertaken by countries outside the EU, by the end of the … Read more
Department for Culture, Media and Sport
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3 Recommendation
Exclude fan tokens from all measurements of fan engagement in professional sports regulation.
Recommendation
The recent plateaus in professional sports leagues’ revenues and the zero-risk nature of crypto revenue for clubs has incentivised partnerships between professional sport and crypto companies. However, the unique relationship between clubs and fans means that fan speculation on sport-based … Read more
Department for Culture, Media and Sport
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4 Recommendation
Mandate the Ministerial taskforce to explicitly review misleading and fraudulent NFT and cryptoasset advertising.
Recommendation
We welcome the Government’s recently articulated intention to introduce statutory regulation for online advertising, in line with our conclusions and recommendations from our “Influencer culture” inquiry last year. We recommend that the Government respond to the evidence we have gathered … Read more
Department for Culture, Media and Sport
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