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UK tax agency cracks down on rules around DeFi lending and staking

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of Crypto...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

UK tax agency cracks down on rules around DeFi lending and staking

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor

Why this matters

This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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