UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
Channel: Crypto News Today | CNT
Date: 2023-05-28

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A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud, and money laundering.”
#uk #cryptoregulations #cryptonewstoday

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