TechFlow news, on March 24, according to Jinshi News, Lisa Gordon, chairman of UK investment bank Cavendish, proposed taxing cryptocurrency purchases to encourage more investors to invest in the UK stock market. She suggested introducing a cryptocurrency transaction tax similar to the 0.5% stamp duty currently applied to stock trades on the London Stock Exchange, which already generates significant revenue for the government.
Gordon believes this move could redirect investments toward equities, helping fund innovative British companies and supporting the broader economy. She emphasized that over half of Britons under the age of 45 own cryptocurrencies rather than stocks, and argued that reallocating some capital could enhance economic productivity. While cryptocurrency ownership is growing, she labeled it a "non-productive asset" contributing little to the economy. She also noted that due to the cost-of-living crisis, many people are cutting back on investments, making it even more crucial to guide limited funds toward assets that can drive economic growth.
