Mayoral candidate Brian Rose proposes giving every person in London £100 worth of new crypto token

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Mayoral candidate Brian Rose proposes giving every person in London £100 worth of new crypto token
Mayoral CandidateBrian RoseLondon
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Mayoral candidate Brian Rose has revealed plans to distribute a new crypto token called the LONDON token to every person in London, with a value of £100. The plan involves creating a £1 billion liquidity pool through a one-off tax on profits made by the city's financial institutions. The campaign aims to make the token widely accepted across London's transport network and usable for various expenses.

Mayoral candidate Brian Rose wants to give every person in London £100 worth of a new crypto token under plans revealed on Thursday.

According to Rose's campaign team, the plan is to make the new cryptocurrency accepted across London's transport network and usable for paying council bills, parking charges and other expenses.The campaign team argued that the proposed 1% Tradfi tax on profits from London's large financial institutions for the new token would enable the intervention necessary to accelerate the city's adoption and growth in the cryptocurrency sphere.

"Imagine every one of our nine million citizens, from the young to the old, from the rich to the poor, from the educated to the not, all being able to understand money for the very first time in their lives," Rose added.

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