Investors in the cryptocurrency have frequently been compared to gamblers by critics.
But if UK legislators have their way, the sector would soon be subject to regulation similar to that which applies to casinos.
A group of UK legislative members recently released a report outlining potential hazards related to unbacked crypto assets, including a purported lack of intrinsic value and very volatile prices.
According to the research, these characteristics more closely resemble gambling than financial services since they subject customers to big profits or losses.