UK finance ministry “firmly” backs Bitcoin, aiming to make UK a top cryptoasset tech hub.
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#UKGovernment
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
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 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.