🧵/2. It's really important to note how a government of a country classifies something as because that does portray the stance they have for that particular thing and they way they want it to exist in the nation
🧵/3. The lawmakers in UK believe that if crypto assets gets regulated no matter in what manner, consumers would think it is safer than it actually is and to avoid this risk they have decided against declaring it the same as gambling
🧵/2. It's really important to note how a government of a country classifies something as because that does portray the stance they have for that particular thing and they way they want it to exist in the nation
🧵/3. The lawmakers in UK believe that if crypto assets gets regulated no matter in what manner, consumers would think it is safer than it actually is and to avoid this risk they have decided against declaring it the same as gambling
End of🧵/4. Read to know more about the UK's decision and how the global rules are shaping up -
https://leofinance.io/@sayu907/uks-cryptocurrency-conundrum-balancing-regulation-and-innovation-uk-doesnt-classify-crypto-assets-as-gambling
You mean trading in crypto was potentially be considered gambling?