UK Introduces Tax Relief Framework for DeFi Users

[etfs]

Alongside its CARF expansion, the UK government has proposed a new “no gain, no loss” tax rule for decentralized finance users.
Under the change, capital gains would only be triggered when the underlying tokens are sold — not during routine DeFi transactions like lending or staking.
Industry groups have welcomed the proposal, calling it a major step toward modernizing crypto taxation and reducing unnecessary compliance burdens for active DeFi participants.

[Nahid Hossen]

Tax relief for DeFi users puts the UK ahead in crypto-friendly policy making.