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?

Crypto currency is a digital currency in my opinion it is not fair to compare this currency with gambling. Many people are succeeding by investing money in the crypto market where the price of the crypto currency rises. I have seen people who invest in Bitcoin make good profits if they invest for a long time. And gambling is completely different, it is played by placing bets, people suffer a lot through this gambling, it does not bring success in anyone's life through gambling. You must understand that crypto currency is a digital currency, it is not a symbol of gambling.