I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.
I guess the UK MPs were working on some crypto regulatory framework and since this is some new territory for them, they probably went for the next best thing which happened to be gambling, which is forgivable knowing they have no interest in BTC and cryptocurrencies.
But then again, to classify crypto as a form of gambling could be a sign of laziness on their side and went for the shortcut, hope they give crypto the time it deserves while they draw the regulatory framework !!
Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.
They are just being lazy to be honest, why not ask other countries how they have managed to regulate crypto without classifying it as gambling.
The least they can do it to research about it since they are not knowledgeable about crypto and not just it a blanket condemnation of being a form of gambling. It's really irritating to see people who claim to be educated talking like a bunch of illiterate.