The British Revenue and Customs Authority has identified encrypted currency lending and the liquidity pool as a “no-gain, no-loss” transaction

On 14 July, the British Revenue and Customs Administration deferred the payment of the capital gains tax until actual disposal by identifying the encrypted currency lending and liquidity pool as a “no-gain, no-loss” transaction. This policy, which will take effect in April 2027, is expected to affect some 700,000 people。