13:20
Aave founder: The UK plans to treat DeFi deposits as "no yield, no loss," Favourable Information for encryption lending tax treatment.
Stani.eth, the founder of Aave, stated that the consultation results from HM Revenue and Customs indicate that deposits made by users on Aave will not be regarded as a disposal for Capital Gains Tax purposes, which is a significant victory for UK DeFi users looking to borrow stablecoins. He emphasized support for this tax treatment and looks forward to it being reflected in the tax law soon.
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