‘Volatile’ cryptocurrency trading should be regulated as gambling, says treasury committee

Committee says unbacked crypto assets pose significant risks to consumers, given their price volatility

Nearly 10 per cent of UK adults hold or have held crypto assets, committee said (PA Archive)

Consumer cryptocurrency trading should be regulated as gambling, the treasury committee has urged.

In a new report, the committee called for consumer trading in unbacked crypto assets to be treated in regulation as gambling.

The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering.