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UK government rejects lawmaker’s call to treat crypto like gambling
26 Jul 23
Crypto is a constantly evolving technology that demands a unique approach to regulation. A “same risk, same regulatory outcome” would be detrimental to the evolution of crypto assets and soon halt any growth.
Hence, we wholeheartedly support the UK’s decision to reject likening crypto to gambling. Recognizing crypto as its own unique asset class is crucial for fostering innovation and ensuring its continued development.
Bespoke regulatory frameworks tailored specifically to digital assets are the way forward. You have only to look at Gibraltar’s unique DLT legislation to substantiate this!