[HMRC Classifies Cryptocurrency Lending and Liquidity Pools as 'No Gain, No Loss' Transactions] According to a report by Jinse Finance, on July 14, HM Revenue and Customs (HMRC) in the UK classified cryptocurrency lending and liquidity pools as 'no gain, no loss' transactions, thereby deferring the payment of capital gains tax until the point of actual disposal. This policy will take effect in April 2027 and is expected to impact approximately 700,000 people.