Lisa Gordon from Cavendish has proposed a crypto tax to draw investments into UK's equity market.
Concerns Over Crypto’s Economic Impact
Lisa Gordon believes that rising investments in cryptocurrencies threaten the UK economy as over half of under-45s own crypto assets. She proposes applying stamp duty to crypto transactions while reducing it for equities.
Slumping Markets
The London stock market is facing challenges in attracting new listings, with only 18 companies listed in 2024, down from 23 in the previous year. Meanwhile, 44% of UK adults have reduced or stopped saving and investing altogether.
Future Regulation Prospects
The UK Financial Conduct Authority plans to finalize its crypto regulation laws by 2026, focusing on trading platforms and stablecoins.
Lisa Gordon’s proposal raises questions about the need for additional regulations to balance crypto market and stock exchange interests.
