UK Cryptocurrency Regulation Alert: 50% of Brits Under 45 Could Face Huge Crypto Tax

Lisa Gordon, Chair of UK investment bank Cavendish, proposed introducing a cryptocurrency tax to encourage investment in British stocks. She suggested imposing a stamp duty on crypto purchases akin to the 0.5% tax levied on trades in shares on the London Stock Exchange, which already generates significant revenue for the government. Gordon argued that cryptocurrencies are non-productive assets, making little contribution to the economy, and highlighted that more than half of Britons under age 45 own crypto but not stocks. She thought that with the current weight of the cost-of-living crisis, UK cryptocurrency regulation would encourage the redirection of limited capital toward assets that promote economic growth.

Proposed UK Cryptocurrency Regulation to Boost Investment in British Stocks

Lisa Gordon, chair of UK investment bank Cavendish, stirred debate when she called for a crypto tax to drive investment into British stocks. In effect, she suggested a stamp duty on purchasing cryptocurrencies in line with the 0.5% stamp duty that makes a similar charge on shares traded on the London Stock Exchange. Gordon argued that it would divert capital away from digital assets and into equities that help fund innovative UK companies, thereby boosting the economy. She pointed out that over half of all Britons under 45 own cryptocurrencies but not stocks, suggesting a disparity in investment preferences.

The proposed UK cryptocurrency regulation aligns with broader discussions about digital assets and their impact on the financial system. While cryptocurrency ownership continues to rise, Gordon’s call for a tax is to make the investment landscape fare more favourable. This proposal would run into problems from crypto enthusiasts, who would consider it an imposition. The issues raised necessitate growing policy measures to tackle the interaction of cryptocurrency with traditional finance within the UK.

Bitcoin Price Prediction of Last 24 Hours

The trading day of March 23 started with a bearish momentum. Bitcoin prices move upward. However, a break through the resistance of $85,419 didn’t happen. Currently trading at $86,982, Bitcoin (BTC) seems to enjoy bullish momentum after breaking past a key resistance level near $86,605. Price has been moving up in parallel channels, indicating a potential continuation of the upswing. If Bitcoin holds anywhere above the breakout level, it may go up towards $87,000- $87,500.

Chart 1, analysed by anushrivarshney2613, published on TradingView, March 24, 2025

The RSI indicates the market is neutral and far from showing overbought conditions. Past periods of overbought conditions led to short-term reversals, which would give reason for traders to be cautious should the RSI move further up. The MACD presents mixed signals, while previous crosses were bullish, signalling a loss of upward momentum. 

An eventual breakdown below $85,000 would invalidate this bullish narrative and invite further selling pressure. Traders are watching to see whether Bitcoin can retain this bullish momentum or will face selling pressure due to regulatory uncertainty and technical indicators.

UK Considers Cryptocurrency Tax: Implications for Bitcoin’s Future

Lisa Gordon’s proposal for a tax aims to reshape investment dynamics in the UK. The UK cryptocurrency regulation on the agenda, and Lisa Gordon’s proposal for a crypto tax seeks to alter investment dynamics in the UK. This involves imposing a stamp duty on crypto purchases to channel funds away from digital assets like Bitcoin and into British equities and innovative companies. 

The bitcoin price prediction, for the most part, is cautiously optimistic, as analysts expect meaningful price movements in the surrounding future. While placing the crypto tax in the UK under strenuous examination, the ultimate relationship between the fashionable regulations and Bitcoin’s market performance will arguably play a key role in influencing investor behaviour and setting the stage for the overall landscape concerning finances.