UK to defer capital gains tax on some crypto lending, liquidity pool trades

The UK's tax authority, His Majesty's Revenue and Customs (HMRC), has decided to apply a "no gain, no loss" principle to certain cryptocurrency lending and liquidity pool transactions. As a result, these activities will not trigger an immediate capital gains tax liability, with the tax instead being deferred until the assets are ultimately disposed of. The new policy will take effect in April of next year and is expected to impact around 700,000 investors.