UK Government Invites Views from Investors and Companies on DeFi Taxation

The U.K. government is seeking views from investors, professionals and companies on taxation of decentralized finance (DeFi) activities. Specifically, the government wishes to gather evidence on the taxation of cryptoasset loans and staking.

The government outlined a set of initiatives in April to make the U.K. a global crypto stronghold. Among them was conducting “major surgery” on the taxation system to make it work more easily for crypto.