In brief HMRC has announced that depositing crypto into DeFi lending protocols and liquidity pools will be treated as “no gain, no loss,” deferring capital gains tax until an actual disposal. The measure, published Monday and taking effect in April 2027, aims to end the disproportionate admin burden created by HMRC’s 2022 guidance. Aave founder Stani Kulechov called it “the right direction,” crediting industry feedback for the shift. The UK’s HM Revenue & Customs has confirmed that depositing cryptoassets into DeFi lending protocols and liquidity pools will no longer count as a taxable disposal, deferring any capital gains tax until…

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