UK Treasury opens tax policy consultation on DeFi staking and lending
HM Treasury, the UK’s finance ministry, said Thursday that it has opened a consultation on possible new tax regulations for decentralized finance activities.
In particular, the Treasury is focused on lending and staking — two key activities in the DeFi ecosystem. The Treasury said it wants to “create a regime that better aligns…with the underlying economic substance, whilst reducing the administrative burden on users,” the Treasury said in its announcement.”
