As reported by BitcoinWorld, the United Kingdom is proposing a new DeFi tax framework that introduces a 'No Gain, No Loss' approach. This model defers capital gains tax until crypto assets are converted to cash, rather than taxing every DeFi transaction. The change aims to reduce complexity, encourage participation, and position the UK as a competitive hub for crypto businesses. The proposal is still under development but has already been praised by industry leaders like Aave's CEO.
UK Proposes 'No Gain, No Loss' DeFi Tax Framework to Simplify Crypto Reporting
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