Biejie News: The UK Treasury has announced that it will apply a “no gain, no loss” tax treatment to certain disposals of crypto lending and liquidity pools, deferring capital gains tax until users make an economic disposal. The measure takes effect on April 6, 2027, and applies to individuals and trustees participating in crypto lending and liquidity pool arrangements. The new rules cover three scenarios, including when, in a single crypto asset loan arrangement, users exchange interests using crypto assets of the same type, the tax will be applied on a no gain, no loss basis. It is expected to affect about 700,000 individuals involved in such transactions.