Source · Select Committees · Treasury Committee
Recommendation 6
6
Regulate retail trading of unbacked cryptoassets as gambling, not a financial service.
Recommendation
We strongly recommend that the Government regulates retail trading and investment activity in unbacked cryptoassets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’. (Paragraph 52) Regulating Crypto 19
Government Response
A response document is linked to this report, dated 20 July 2023. Response attribution to this conclusion has not been verified. Read the response document ↗