The United Kingdom has signalled a major change in how it plans to tax DeFi, backing a “no gain, no loss” idea that could end so-called dry tax bills for everyday users. The government, through HM Revenue & Customs, says it is developing rules to treat many DeFi loans and liquidity-pool moves on a no-gain/no-loss..
The post UK Crypto Tax Update: New DeFi Rules and “No Gain, No Loss” Policy Explained appeared first on 99Bitcoins.
Editor’s Analysis
UK Crypto Tax Update: New DeFi Rules and “No Gain, No Loss” Policy Explained continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
This content is for informational purposes only and should not be taken as financial advice.
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