HMRC Unveils UK Crypto Tax Reform With Deferred Capital Gains Tax for DeFi Transactions
The United Kingdom has announced a significant reform to its cryptocurrency taxation framework, introducing a deferred Capital Gains Tax (CGT) model for certain decentralised finance (DeFi) activities. The new approach from His Majesty’s Revenue and Customs (HMRC) aims to remove a major tax barrier that has affected crypto investors participating in lending, borrowing, and liquidity…