UK Weighs New DeFi Tax Rules With ‘No Gain, No Loss’ Regime Covering Crypto Loans And AMMs
The UK government is weighing a significant change to how decentralized finance (DeFi) transactions are taxed, with HM Revenue & Customs confirming it is actively developing a “no gain, no loss” (NGNL) approach for crypto asset loans, liquidity pools and potentially automated market makers (AMMs).