Post
Topic
Board Bitcoin Discussion
Re: Is Crypto another form of gambling?
by
dhruvfire
on 02/07/2023, 08:28:00 UTC
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?


We should not see it as gambling. It is a medium of payment and will replace traditional currency in future. Everything will be digital and crypto is best option for digital payments.