UK lawmakers call for regulation of crypto trading as gambling.

The UK Treasury Select Committee has called for cryptocurrencies to be regulated like gambling, citing their lack of intrinsic value and potential for significant consumer harm. The report expressed concern that government proposals to regulate consumer crypto trading as a financial service would create a "halo" effect that leads people to believe crypto trading is safe and protected, when this is not the case. Around 10% of UK adults hold or have held cryptocurrencies, according to British tax agency HM Revenue & Customs.