UK Treasury seeks enter on taxing DeFi staking and lending

The tax remedy of lending and borrowing on decentralized finance (DeFi) protocols might quickly be modified in the UK because the taxation arm of the Treasury is in search of enter on a attainable new regime.

An April 27 session by HM Income and Customs will run till June 22 and asks for “buyers, professionals and companies engaged in DeFi actions” together with consultant our bodies and assume tanks to submit their views on the federal government’s proposed DeFi tax remedy.

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