UK should tax crypto buyers to boost stock investing, economy, says banker

Lisa Gordon, chair of Cavendish, suggests taxing cryptocurrency purchases to steer investments towards UK stocks, aiming to bolster the local economy.

A leading UK banker proposes taxing cryptocurrency purchases to redirect investments into local stocks, aiming to stimulate economic growth.

Proposal to Tax Crypto Purchases

Lisa Gordon, chair of Cavendish, has proposed a new tax on cryptocurrency purchases in the UK. According to her, this measure would encourage investors to put their money into local stocks instead, potentially boosting the UK economy. The announcement was made during a financial summit in London, as reported by Reuters.

Economic Stimulus Through Investment Redirection

Gordon argues that the volatile nature of cryptocurrencies often detracts from more stable, long-term investments in the stock market. By imposing a tax on crypto transactions, the government could make traditional stock investments more appealing. This, in turn, would provide a more reliable influx of capital into UK businesses, fostering economic growth.

Critics, however, warn that such a tax could drive crypto investors to more lenient jurisdictions, potentially harming the UK's position as a fintech hub. The debate continues as policymakers weigh the potential benefits against the risks.

https://redrobot.online/2025/03/uk-should-tax-crypto-buyers-to-boost-stock-investing-economy-says-banker/