UK may implement crypto taxes to promote stock investing, boost economy

From Cointelegraph
March 23, 2025 10:51 PM:

The UK may start taxing crypto purchases to encourage investing in local stocks, boosting the economy. Currently, a 0.5% tax on shares on the London Stock Exchange brings in £3 billion annually. The FCA reported that 12% of UK adults own crypto, with 36% under 55 years old. Many are saving instead of investing, impacting retirement funds. A follow-up survey revealed that 44% of adults have stopped or reduced saving/investing due to the cost of living crisis, with some using savings to cover daily costs. The London stock market had a quiet year in 2024, with 18 new listings and 88 delistings/transfers. Despite challenges, the UK is seen as a safe haven compared to the US market. Crypto markets have also been down, with Bitcoin trading 11% lower in the past month and struggling to stay above $85,000 since March.

Read more at CoinTelegraph: UK should tax crypto buyers to boost stock investing, economy, says banker