PANews reported on March 24 that Lisa Gordon, chairman of the British investment bank Cavendish, proposed taxing cryptocurrency purchases to encourage more investors to invest in the British stock market. She suggested introducing a cryptocurrency transaction tax similar to the 0.5% stamp duty on London Stock Exchange stocks, which currently generates significant revenue for the government. Gordon believes this move could redirect investments towards stocks, help fund innovative British companies, and support the broader economy. She emphasized that more than half of British people under 45 own cryptocurrencies rather than stocks, and believes reallocating some capital could improve economic productivity. Although cryptocurrency holdings are growing, Gordon described them as "unproductive assets" with minimal economic contribution. She also mentioned that due to the cost of living crisis, many people are reducing investments, making it more necessary to guide limited funds towards assets that can drive economic growth.
