UK defers crypto tax on DeFi loans and liquidity pools from 2027

British crypto industry stakeholders are rallying behind a policy win as the UK’s HMRC (His Majesty’s Revenue and Customs) July 13 pronouncement rubber-stamped that lending tokens or supplying funds into liquidity pools no longer trigger any Capital Gains Tax obligations. Starting April 6, 2027, a new “no gain, no loss” (NGNL) regime will kick off...