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News Explorer — UK Government Urged to Regulate Crypto Trading as Gambling

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May 17, 11:09 am

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UK Government Urged to Regulate Crypto Trading as Gambling

The UK's House of Commons Treasury Committee has recommended the government regulate crypto trading as gambling, with the Gambling Commission overseeing activities and applying safeguards like AML and CTF. The Committee also warned of the risks of unbacked cryptoassets with no intrinsic value, and proposed a balanced approach to supporting the industry's development.

The UK's House of Commons Treasury Committee has recommended the government regulate crypto trading as gambling, with the Gambling Commission overseeing activities and applying safeguards like AML and CTF. The Committee also warned of the risks of unbacked cryptoassets with no intrinsic value, and proposed a balanced approach to supporting the industry's development.

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