As part of my commitment to making London a crypto-friendly city, I am excited today to announce my new campaign policy as your next Mayor to give every person in London £100 worth of a new capital crypto token. The revolutionary token, LONDON, would be accepted across London’s transport network, and used to pay council bills, parking charges and more. It would be funded by a 1% TradFi tax on profits of the city’s big banks to back a £1 billion liquidity pool, a one-off charge that reflects public anger with how the financial sector continues to abuse its power despite being bailed out by taxpayers in the 2008 financial crash. The new crypto token will offer multiple benefits to our city; it would be an acknowledgement that the banking sector accepts it must move with the times as well as providing a welcome injection of additional money to the capital economy, signalling that London plans to be the world’s first crypto-first city. Every man, woman and child in the city would b...