UK Treasury Committee Recommends Treating Cryptocurrency Trading as Gambling

[MissExposé]

The UK Parliamentary Treasury Committee has recommended that the government regulate cryptocurrency trading as a form of gambling rather than a financial service. MPs expressed concerns about potential harm to consumers, likening cryptocurrency trading to gambling and emphasizing the need for effective regulation to protect individuals from financial losses. The recommendations may impact the government's plans to regulate cryptocurrencies, and the report also criticized the government's previous attempts to support crypto-related projects without clear beneficial use cases.

Source: https://news.worldcasinodirectory.com/mps-want-cryptocurrency-trading-to-be-regulated-as-a-form-of-gambling-108926