Crypto trading: politicians who say it should be treated like gambling are completely wrong
theconversation.comCryptocurrency trading should be regulated in the same way as gambling, according to the UK parliamentary select committee in charge of scrutinising finance.
The committee published a report arguing that this was necessary because digital assets such as bitcoin have “no intrinsic value, huge price volatility and no discernible social good”.
Such statements remind many crypto enthusiasts that they are still early to this space despite it being nearly 15 years since the publication of bitcoin’s original white paper, which laid out the technological vision in the first place.
If crypto trading was designated as gambling, platforms would need to follow additional regulatory measures such as licensing rules and customer due diligence requirements to protect vulnerable users.
