British MPs and crypto critics are lobbying the government to crack down on the growing crypto industry

On January 4, according to iNews reports, British Parliamentarians (MPs) and activists are lobbying the British government to take a stricter stance on the emerging encryption industry. Conservative MP Richard Holden told iNews: "This is a wild west. On the one hand, it is highly leveraged financial investment. On the other hand, these products are easily considered gambling.