Treasury Committee suggestions that consumer cryptocurrency trading should be regulated as gambling are an “appalling backwards step“, according to the chief executive of an Edinburgh-based crypto-as-a-service platform.
Co-founder Nick Jones commented: “Given the recent turmoil in the traditional financial system, the UK should be looking to encourage alternative financial solutions, not discouraging them by likening them to gambling.
“A truly resilient future financial system shouldn’t be resistant to new ideas and structures, rather it should be supportive of them.
