UK investment bank executives suggest taxing cryptocurrencies to guide funds towards the stock market

BlockBeats News: On March 24th, Lisa Gordon, Chairman of Cavendish, a UK investment bank, proposed a tax on cryptocurrency purchases to encourage more investors to invest in the UK stock market. She suggested introducing a cryptocurrency trading tax similar to the 0.5% stamp duty on London Stock Exchange stocks. Gordon believes that this move may shift investments towards stocks, help provide funding for innovative British companies, and support the broader economy. She stressed that more than half of Britons under the age of 45 own cryptocurrencies rather than stocks, and believed that redistribution of some capital could improve economic productivity. Although the holdings of cryptocurrencies are growing, Gordon refers to them as "non productive assets" that make little contribution to the economy. She also mentioned that due to the cost of living crisis, many people are reducing their investments, making it even more necessary to guide limited funds towards assets that can drive economic growth. (Golden Ten)