UK Treasury Committee Wants Unbacked Crypto Like Bitcoin and Ether to be Regulated Under Gambling Rules

“With no intrinsic worth, large value volatility and no discernible social good, client buying and selling of cryptocurrencies like bitcoin extra intently resembles playing than a monetary service, and ought to be regulated as such,” Harriett Baldwin, member of Parliament and chair of the Treasury Committee mentioned within the assertion. “By betting on these unbacked ‘tokens,’ shoppers ought to be conscious that every one their cash could possibly be misplaced.”