UK investment bank executives suggest taxing Crypto Assets to guide funds towards the stock market.

On March 24, Lisa Gordon, chairman of the British investment bank Cavendish, proposed taxing the purchase of Crypto Assets to encourage more investors to invest in the UK stock market. She suggested introducing a Crypto Assets trading tax similar to the 0.5% stamp duty on stocks at the London Stock Exchange. Gordon believes this move could shift investment towards stocks, help fund innovative UK companies, and support the broader economy. She emphasized that over half of British people under 45 own Crypto Assets rather than stocks, and she believes reallocating some capital could improve economic productivity. Despite the rising ownership of Crypto Assets, Gordon referred to them as "non-productive assets" that contribute little to the economy. She also mentioned that due to the cost of living crisis, many people are cutting back on investments, making it even more necessary to direct limited funds towards assets that can drive economic growth. (Jin10)