UK government denies plan to classify crypto as gambling.
Britain’s Financial Conduct Authority FCA has rejected a proposal to regulate digital currencies as gambling citing a lack of evidence they are used for speculation
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UK government denies plan to classify crypto as gambling.
UK ministers have rejected a proposal to regulate crypto as gambling stating that the decentralized digital currency lacks the qualities of a gamble and is better treated as a commodity
UK rejects plan to classify crypto as gambling.
The UK government rejects proposals to amend the Gambling Act of 2005 to include cryptocurrencies as gambling ruling that Bitcoin and other digital assets are not used for gambling Crypto enthusiasts hailed the decision as a victory for the cryptocurrency industry
UK government rejects lawmaker’s call to treat crypto like gambling
The UK government has rejected a proposal from a prominent lawmaker to treat cryptocurrencies like gambling, instead preferring a “balanced” approach to regulation.