Crypto Will Be Regulated the Same As Gambling, if UK Parliament Gets Its Way – Here’s Why

The UK Parliament’s Treasury Committee says cryptocurrencies such as Bitcoin (BTC) pose similar risks to consumers as gambling and should be regulated as such.

In a House of Commons Committee report, the UK Parliament says that given the volatile nature of cryptocurrencies, trading of the new asset class is akin to engaging in gambling activities.

“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. Furthermore, consumer speculation in unbacked crypto assets more closely resembles