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UK Govt. Rejects Lawmakers’ Push to Regulate Crypto Trading as Gambling

UK Govt. Rejects Lawmakers’ Push to Regulate Crypto Trading as Gambling
The UK Government has opposed the call by a panel of cross-party British lawmakers to regulate 'unbacked' crypto assets such as Bitcoin and Ether as gambling. The executive arm argued that such treatment runs contrary to standards recommended by global bodies such as the G20 Financial Stability Board. ‘Same Activity, Same Risk’In a report published in May, the House of Commons' Treasury Committee argued that unbacked cryptocurrencies lack any intrinsic value or ‘discernible social good’ but inst... Read More
Posted: Jul 20 2023, 12:33
Author Name: financemagnates
Views: 092168

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