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JUST IN: UK Confirms "No Gain, No Loss" Tax for Crypto DeFi 🇬🇧
HMRC draft legislation is out:
✅ Deposit into lending protocols = NO tax
✅ Add to liquidity pools (AMMs) = NO tax event
✅ CGT only on REAL economic exit
Effective April 6, 2027.
The "dry tax" era is ending, UK just aligned crypto tax with reality. Other nations will follow.