The UK government is seeking advice on the taxation of crypto-asset loans and staking activities in the decentralized finance (DeFi) space.
Via the government’s official website 5th of July according to the call for evidence on United Kingdomincluding technology and financial services companies DeFi engaged in activities from investors, professionals and companies, crypto asset loans and taxation of staking activities about information demands.
In the statement, the following statements were made on the subject:
The Government is particularly interested in determining whether the administrative burdens and costs for taxpayers engaged in this activity can be reduced and the tax treatment more aligned with the underlying economy of the transactions involved.
April for stakeholders in the UK financial services industry DeFi loans and staking activities about taxation concerns consideration and suitability for a review precautionary package announcing government, that the call for evidence was carried out within the scope of informing this package of measures. stated.
According to the statement, the government does not allow those who wish to provide information. 5th of July‘from 31 August until 8 weeks old will know for a while. Those who want to participate in the call for evidence will be able to respond to the questions in the explanation and send them to the specified e-mail address between these dates.