CryptoUK and Kraken UK condemned the Treasury for calling on crypto to be regulated like gambling, as they questioned how that would actually protect consumers.
In a May 17 statement shared with Cointelegraph, CryptoUK argued that “taking this approach will not take into account the nuances of the sector and the real opportunities for inward investment and growth for the UK economy as a whole,” adding that:
The organization also suggested that such an approach may ultimately lead to U.K. consumers instead looking for offshore crypto platforms to engage with, which it feels is “ wholly against the objective of protecting these consumers through regulation.” “It’s regrettable the committee does not support the opportunity the UK has to be a true global leader in our rapidly developing industry,” the firm said, adding:
It argued that not only does it"miss the purpose and potential of the technology," but noted that gambling protections don't offer the same safeguards as financial services regulations.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kraken Exchange Welcomes PepePepe enthusiasts rejoice as Kraken, a prominent cryptocurrency exchange, adds the popular meme coin to its roster
Weiterlesen »
My worst moment: When Nancy Travis and the kraken came face to face with Batman“I’m talking to him about my kraken (laughs), and he’s so familiar to me, but I can’t place him.” Nancy Travis of the Hallmark rodeo series “Ride” talks to Nina_Metz for MyWorstMoment.
Weiterlesen »
Stars beat Kraken 2-1 in Game 7 to advance to West finalThe Dallas Stars haven't won a Game 7 at home since 2000, when they made the Stanley Cup Final.
Weiterlesen »
Stars align in Game 7 as Dallas defeats Kraken to advance to Western Conference finalsAs the maestro of Game 7 perfection, Pete DeBoer could’ve taken the credit. He could’ve pointed to a chord played or a string pulled as the reason his teams...
Weiterlesen »