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UK Urged to Tax Crypto to Redirect Capital to Local Stocks

  • The head of Cavendish Investment Bank, Lisa Gordon, proposes taxing crypto purchases in the UK to redirect capital to local stocks.
  • Gordon expresses concern over the declining local market support and the rising ownership of cryptocurrencies by younger Britons.
  • She suggests cutting stamp duty on equities to make investing in local stocks more attractive.
  • Gordon believes that redirecting investments from crypto to local equities will support companies, innovation, job creation, and long-term economic development.

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