Regulating Crypto Trading: Is it Gambling or Financial Services?

Since it has moved mainstream, crypto trading been a hotbed of both innovation and controversy. However, with the ubiquity of crypto in the retail trading scene, regulatory authorities have finally trained their sights on this space. This backdrop provides the perfect segue into this year’s Finance Magnates London Summit (FMLS), which will look to answer the question of whether crypto trading is a form of gambling or financial service.

Crypto has always been a marquee focus at FMLS, which for over ten years has sought to address the most burning topics across multiple industry verticals. This year’s event will touch extensively on crypto and digital assets, among four total verticals – including online trading, fintech, and payments.

Held on November 20-22 at Old Billingsgate, FMLS:23 will take aim at fundamental questions surrounding crypto, the most important being: Is cryptocurrency trading more analogous to gambling or legitimate financial services?

Is Regulatory Action Long Overdue?

Regulators have wrestled with the enigma of crypto since its inception. Since then, the crypto space has proliferated and expanded beyond anyone’s wildest expectations, including the retail trading space.

As interest in these trading instruments continues to swell, regulatory authorities throughout the world are confronted with a difficult decision: How should they define and control this booming market? Crypto trading is difficult to categorize since it straddles the boundary between legitimate financial services and gambling.

Many experts believe that addressing the regulatory issues created by crypto trading requires a global coordinated effort. International cooperation among regulators could aid in the development of common norms for investor protection, anti-money laundering (AML), and market surveillance.

Regardless of how crypto trading is ultimately classified and regulated, investor education and protection should remain top priorities. Cryptocurrency markets are notorious for their complexities and hazards, and many ordinary investors may be unaware of the nuances of trading or the possibility for large losses.

With this in mind, look for FMLS:23 to delve into this question and more throughout its two-day agenda. Prospective attendees are invited to explore the highlights of the agenda, which can be accessed via the following link.

FMLS:23 is expected to draw a record attendance, attracting upwards of 150+ distinguished speakers, 120+ exhibitors, and experts from every corner of the crypto space. With so much talent and big names under one roof, the future of the industry will be charted over this two-day event.

This is one event you cannot afford to miss!

Reserve Your Ticket to the Biggest Event of the Fall

FMLS:23 has always provided a vibrant atmosphere where anything can happen. Join industry peers, experts, leading brands, thought leaders, and more to discuss, engage, and network over the three-day event.

The formal kickoff of FMLS:23 will begin on the evening of November 20 at The Folly with the annual Networking Blitz Opening Party. Sponsored by ZuluTrade, the Blitz is your chance to network with industry peers and mingle ahead of two full days of content at FMLS:23.

If you have not already done so, the time to register is now with the countdown to November already in full swing. Prospective attendees can explore pricing options and take advantage of reduced pricing ahead of the event itself.

Simply access the following link and explore all options today.

As a reminder, only registered attendees will be able to vote in the annual FMLS Awards, which will beginning shortly so stay tuned.