BlockBeats News, March 24th: Lisa Gordon, Chair of the 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 London Stock Exchange's 0.5% stamp duty. Gordon believes that this move could shift investment towards stocks, helping to fund innovative UK companies and support the broader economy.
She emphasized that over half of Britons under the age of 45 own cryptocurrency instead of stocks and believes that reallocating some capital could increase economic productivity. Despite the growing amount of cryptocurrency holdings, Gordon referred to it as a "non-productive asset" with minimal economic contribution.
She also mentioned that due to the cost of living crisis, many people are cutting back on investments, making it more necessary to channel limited funds into assets that can drive economic growth. (IG)
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