UK Treasury Committee: Retail cryptocurrency trading should be regulated as gambling

ChainCatcher news, a new report released by the UK House of Commons Treasury Committee states that retail crypto trading is more like sports betting than investing and should be regulated.

The report, co-authored by bipartisan lawmakers, argues that even blue-chip crypto assets like Bitcoin and Ethereum have no intrinsic value and serve no useful social purpose, and therefore should be regulated by the government as gambling tools. (The Block)