Cryptocurrency trading in UK should be regulated as form of gambling, say MPs

Report says people betting on prices of such assets ‘should be aware that all their money could be lost’

UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry.

The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report published on Wednesday.