In the United Kingdom, discussions are underway regarding the imposition of taxes on cryptocurrency investments. Lisa Gordon, the President of Cavendish Investment Bank, suggested that such measures could redirect interest towards domestic equities. The trend of young investors focusing solely on cryptocurrencies may harm the economy in the long run. According to Gordon, limiting cryptocurrency investments and promoting stocks could support economic growth.

Gordon argued that applying taxes on cryptocurrencies might shift young investors’ attention to local stocks. Speaking to The Times, she noted that a majority of individuals under 45 have invested only in cryptocurrencies and have not considered stocks at all. “The fact that over half of those under 45 own only cryptocurrencies should alarm us,” she stated.

Reports indicate that there are plans to implement a stamp duty-like tax on cryptocurrencies. Concurrently, there is consideration of reducing the existing 0.5% stamp duty on the London Stock Exchange, aiming to attract investor interest towards the local market. Gordon described cryptocurrencies as “non-productive assets,” whereas stocks provide direct capital to companies and stimulate the economy.