UK Treasury Committee Says Retail Crypto Trading Should Be Regulated As Gambling

Retail crypto trading is more akin to betting on sport than investing and should be regulated as such, according to a new report released by the UK House of Common’s Treasury Committee. The report, put together by a group of bipartisan parliamentarians, argues that even bluechip crypto-assets like bitcoin and ether “have no intrinsic value and serve no useful social purpose” and therefore should be regulated by the government as gambling instruments.