Wu Blockchain has learned that Aave founder Stani Kulechov stated that the UK’s HM Revenue & Customs (HMRC) is introducing new tax rules for crypto lending and liquidity pools. Under the new arrangement, assets deposited into lending protocols will be treated as “no gain, no loss” (NGNL), with capital gains tax deferred until an actual economic disposal occurs. Additionally, underlying collateral will not be included in capital gains tax calculations. Stani mentioned that this move is mainly driven by industry feedback to avoid the excessive reporting burden on taxpayers under the current approach. https://(wublock123.com)/news/uk-hmrc-defi-tax-update-lending-deposits-no-capital-gains-64561