Crypto, Bitcoin Should Face Same Rules As Gambling, UK MPs Say – Bloomberg

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.

Source: Crypto, Bitcoin Should Face Same Rules As Gambling, UK MPs Say – Bloomberg