PANews reported on March 24 that Lisa Gordon, chairman of British investment bank Cavendish, proposed to impose a tax on the purchase of cryptocurrencies to encourage more investors to invest in the UK stock market. She suggested introducing a cryptocurrency transaction tax similar to the 0.5% stamp duty on stocks on the London Stock Exchange, which currently brings considerable revenue to the government. Gordon believes that this move may shift investment to stocks, help fund innovative British companies, and support the broader economy. She stressed that more than half of British people under the age of 45 own cryptocurrencies rather than stocks, and believes that reallocating some capital can increase economic productivity. Although cryptocurrency holdings are growing, Gordon called it a "non-productive asset" that contributes little to the economy. She also mentioned that many people are cutting back on investment due to the cost of living crisis, so there is a greater need to guide limited funds to assets that can drive economic growth.