The British Government Focuses on Cryptocurrencies in its Latest Legislative Agenda
The UK government is asking for public input on the taxation of crypto asset lending and staking in the context of decentralized finance DeFi.
DeFi is an umbrella term that refers to financial applications that are built on top of blockchain technology.
This could include anything from loans to staking platforms.
Outlines its intention to study whether the administrative hassles and costs can be reduced for taxpayers involved in the emerging industry, as well as whether the tax treatment could be more aligned with the fundamental economics of transactions.
The government is interested in gathering information on the taxation of loans and the staking of crypto assets.
Her Majesty's Revenue and Customs - HMRC evidence request document.
UK DeFi
DeFi Regulations
Regulations UK
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