Skip to content

Crypto Trading Should Be Regulated Like Gambling, UK Panel Says

  • MPs at odds with UK proposal to regulate crypto like finance
  • Treasury Select Committee warns of possible ‘halo’ effect

Retail investing in unbacked cryptoassets like Bitcoin should be regulated like gambling because they are highly volatile and have “no intrinsic value,” an influential panel of UK lawmakers said. 

The Treasury Select Committee, a cross-party group of members of Parliament, “strongly recommended” such treatment for trading of digital tokens in a report published Wednesday.