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UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach

Published Source: CoinTelegraphRead original

Crypto Insight Summary: The change in tax policy, expected to impact about 700,000 people in the UK, was related to the disposal of crypto in lending and liquidity pools. Crypto Insight Analysis: Direction: Bullish BTC / ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Tax relief on crypto lending could boost institutional participation.

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UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach — Crypto Insight