- As the UK builds its crypto framework, it is getting a lot of different advice.
- MPs feel that crypto is akin to gambling; others liken it to stocks.
- Either way, the UK has promised to be friendly to crypto, even if it’s viewed as a gamble.
The UK government has made promises to be friendly in its approach to crypto regulation. Still, as it mulls over a framework, it is given plenty of advice from different sectors.
Following advice from parliament’s Treasury committee that crypto should be treated like gambling by UK regulators, a global markets watchdog has urged the UK to regulate crypto the same way it would traditional assets, like stocks.
The International Organization of Securities Commissions (Iosco), of which the UK’s Financial Conduct Authority (FCA) and the U.S.’s SEC are members, said its members should regulate this new digital asset space in ways that “are the same as, or…
