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cryptonews
2023-04-28 16:22:00

UK Considers Taxation Revisions for DeFi Lending and Staking Activities – Here's The Latest

UK Considers Taxation Revisions for DeFi Lending and Staking Activities – Here's The Latest

According to a consultation document, the UK government is seeking views on tax modification for decentralized finance (DeFi) lending and staking. The government has initiated an open consultation to gather insights for drafting improved tax legislation on DeFi transactions. The consultation aims to establish a framework that aligns taxation on crypto assets involved in DeFi transactions with their underlying economic substance.... Read More: UK Considers Taxation Revisions for DeFi Lending and Staking Activities – Here's The Latest

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