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The UK will stop treating deposits into DeFi lending protocols and liquidity pools as taxable disposals, deferring capital gains tax until users actually cash out. Removing this friction lowers the effective cost of on-chain participation for UK investors and is a structural positive for DeFi TVL, lending protocols like Aave, and ETH as the dominant settlement layer. Watch for the final HMRC implementation rules and whether other jurisdictions adopt similar disposal-deferral treatment, which would broaden the flow impact.
As a Policy signal, watch whether it changes price action, volatility, or flows around ETH, AAVE, UNI.
Original Source: Decrypt
This page is market information analysis, not investment advice.
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