The UK Parliament’s Treasury Committee has called for unbacked cryptocurrencies to be regulated in the same way as gambling, saying speculation in these assets “more closely resembles gambling than it does a financial service.”
“Regardless of the regulatory regime, their price volatility and absence of intrinsic value means that unbacked crypto assets will inevitably pose significant risks to consumers,” members of the Treasury Committee said in a report published on May 17….
Read More: UK Parliament’s Treasury Committee Calls for Cryptocurrency Regulation, Citing Gambling-Like Risks