Quote from: EarnOnVictor on June 09, 2023, 03:17:15 PM

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.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Gambling and crypto investing are not the same but two different processes. When a person bets to increase his money on a gambling platform, he is definitely at risk. Gambling is always losing and losing money so gambling can never be a part of investment. However, there is no downside to investing. However, if the Altcoins are invested for a long time, it can turn into a scam. But Bitcoin is an investment-transparent virtual currency that is a future-proof asset. So investing is a better place than gambling where there is no fear of losing your money. Most of the time people get hurt by gambling, so investing in Bitcoin is the best way to do it.