![]() Cryptocurrency trading should be regulated as a form of gambling rather than a normal financial service, according to a report by MPs in the UK.In the UK, lawmakers have proposed treating cryptocurrencies such as Bitcoin and Ether like gambling due to significant consumer financial risks.However, individual states may have their own laws and regulations regarding online gambling. In the US, online casino gambling is illegal in all but six states, and there are no federal laws that explicitly prohibit crypto gambling.Here are some key points to keep in mind: However, the legality of crypto gambling varies from country to country, and there are no specific laws regulating gambling with crypto in most regions. Crypto gambling is a popular pastime for investors, with the global crypto gambling market size estimated to reach more than $90 billion by 2024.
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