UK just dropped a game-changer for DeFi users — capital gains tax on crypto lending has been officially removed. The new rule? "No gain, no loss" treatment until you actually sell your assets. This means lending out your crypto through DeFi protocols won't trigger a taxable event anymore. Holders can now participate in lending markets without worrying about tax implications during the holding period. Pretty massive shift in how regulators are approaching decentralized finance taxation.
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LayerZeroJunkie
· 10h ago
Wait, can this rule really be implemented? Or is it just another paper document...
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NestedFox
· 12h ago
Wow, the UK is really doing great with this move, finally a government that understands what's going on with Decentralized Finance.
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RugResistant
· 11-29 08:56
Wait, is the UK really that fierce? Are you fishing for something? What are the details?
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MechanicalMartel
· 11-28 15:58
Okay, I'll say it directly. The UK really nailed it this time; finally, a country understands that DeFi cannot be played for suckers.
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FrogInTheWell
· 11-28 15:56
Wow, the UK has directly saved us DeFi players from a tax nightmare!
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OPsychology
· 11-28 15:47
Wow, the UK's move is really amazing, finally a country that doesn't treat DeFi as an enemy.
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SatoshiHeir
· 11-28 15:44
It should be noted that the logic behind this wave of actions by the UK was already argued in my legal White Paper from 2019—"unrealized gains" should not be a tax base. The realization of this now is, to some extent, a delayed recognition of Satoshi Nakamoto's value Consensus.
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ChainProspector
· 11-28 15:39
The UK's recent actions are truly amazing; finally, a regulatory body has woken up, and the setup that lending is not considered a trading event is just fantastic.
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bridgeOops
· 11-28 15:35
Wow, this move by the UK is truly amazing; finally some sensible regulation.
UK just dropped a game-changer for DeFi users — capital gains tax on crypto lending has been officially removed. The new rule? "No gain, no loss" treatment until you actually sell your assets. This means lending out your crypto through DeFi protocols won't trigger a taxable event anymore. Holders can now participate in lending markets without worrying about tax implications during the holding period. Pretty massive shift in how regulators are approaching decentralized finance taxation.