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Crypto assetsJune 7 2023

Crypto: is it gambling or a financial service?

The UK continues to debate how it should treat the trading of risky and speculative products such as crypto. Analysis by Marina Reason and Pat Horton of law firm Herbert Smith Freehills.
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Crypto: is it gambling or a financial service?

A recent UK Treasury Committee report on crypto assets regulation has reignited the debate over crypto.

Contrary to government proposals in February to regulate the crypto industry as a financial service, the cross-party group controversially recommended regulating retail trading and investment activity in unbacked crypto assets as gambling.

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