In a statement made today by British Financial Services Minister Andrew Griffith, he said that regulating cryptocurrencies as gambling will not reduce the risks arising from the sector.

In May, the Treasury Committee of the British Parliament stated that cryptocurrencies pose significant risks and requested that decentralized cryptocurrencies such as Bitcoin and Ethereum be regulated as gambling.

MPs on the committee think British regulators considering the crypto sector as a financial service will cause consumers to view the sector as safer. Accordingly, some lawmakers argue that cryptocurrencies should be considered gambling, as they carry the risk that investors may lose all their money.

In response to the Committee report, Andrew Griffith stated that he opposed considering crypto asset trading and investment as gambling rather than a financial service. Stating that this move will not reduce the risks arising from cryptocurrencies, Griffith also said that the gambling approach will pose a risk of incompatibility with international standards and large jurisdictions such as the EU.

In addition, the European Union has approved a comprehensive crypto bill that puts cryptocurrencies under the legal framework in recent months. The crypto law, called MiCA, will come into force in 2024. Crypto companies operating in the EU are expected to complete their compliance with the law by next year. While the United Kingdom is working on strict regulations for crypto services, it has also demonstrated its intention to become a global center for the crypto industry and Blockchain.

PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.

My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.

Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who will benefit?

Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become a Binance member without reference, please listen carefully;

When you do what I say, you will receive 10 USDT.

Enter the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until July 22 can do so. After activating your account, you only need to open a transaction once. However, even if you do this after July 22, your reward will not come. That's why I say get it done in 5 seconds.

THE SYSTEM WORKS ON A FIRST COME, FIRST SERVE BASIS. SO GET YOUR GIFT BEFORE IT'S LATE.

WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARD section of your Binance application within 14 BUSINESS days, starting from July 22. By activating it from there, you can use your reward of 10 dollars, or more than 250 liras, in futures transactions.

You can share this post with your friends in need so they can benefit from it, too.

https://www.binance.com/tr/support/faq/bonus-kuponu-h%C3%BCk%C3%BCm-ve-ko%C5%9Fullar%C4%B1-360040107211

You can find the details from the link above.

BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.