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Elena Zenth

UK Tax Authority Proposes Capital Gains Exemption for DeFi Lending and Staking

The UK's Her Majesty's Revenue and Customs has introduced a 'No Gain No Loss' tax framework for decentralized finance activities. The proposal would exempt on-chain DeFi deposits from capital gains taxation, according to Aave founder Stani Kulechov. The policy aims to align tax rules with blockchain transaction mechanics and streamline compliance for users engaged in lending and staking.
AAVE
AAVE+3.61%
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