The United Kingdom’s economic and finance ministry – HM Treasury – has strongly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling. The UK Treasury Committee had called for unbacked cryptocurrencies to be regulated like gambling in May. A panel of lawmakers noted at the time that speculation in these assets “more closely resembles gambling than it does a financial service.”... Read More: UK Strongly “Disagrees” Recommendation to Regulate Crypto as Gambling
