The UK’s HM Revenue and Customs and the Customs authority have classified crypto lending and liquidity pools as “no gains, no losses” transactions.

ME News: On July 14 (UTC+8), the UK HM Revenue and Customs (HMRC) will classify cryptocurrency lending and liquidity pools as “no gains, no losses” transactions, thereby deferring the payment of capital gains tax until the assets are actually disposed of. The policy will take effect in April 2027 and is expected to affect about 700k people. (Source: Foresight News)
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