UK Urged to Tax Crypto to Encourage Investment in Local Stocks

According to Cointelegraph, the United Kingdom is being advised to implement taxes on cryptocurrency purchases to encourage citizens to invest in local stocks, a move that could potentially bolster the nation's economy. Lisa Gordon, chair of investment bank Cavendish, expressed concerns over the growing trend of younger Britons investing in cryptocurrencies rather than equities. In a report by The Times on March 23, Gordon stated, "It should terrify all of us that over half of under-45s own crypto and no equities." She suggested that reducing stamp duty on equities while applying it to cryptocurrencies could redirect investments towards local companies source: https://www.binance.com/en/square/post/21961544313402?utm_source=BinanceNewsRSS