CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
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.
Decline in Interest in the London Stock Exchange
Interest in capital markets in the UK has noticeably declined in recent years. In 2023, only 18 companies were listed on the London Stock Exchange, while 88 companies exited the market. This trend indicates a weakening of confidence in the markets and highlights the need for an improved investment environment.
Gordon advocates that restricting cryptocurrency investments would help provide more resources to local companies. Regulations regarding cryptocurrencies are deemed critical not only for taxation but also in guiding investors. The lack of economic value generated by cryptocurrencies raises questions about these investments.
Unlike some other countries, the UK is working on balancing policies for cryptocurrencies rather than supportive ones. The government aims to guide investors towards both individual benefit and public interest. In this context, discussions are underway to reshape both tax rates and the regulatory framework.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
