Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, the UK will defer capital gains tax on certain cryptocurrency lending and liquidity pool transactions from 2027 under new “no gain, no loss” rules. Elsewhere, the European Central Bank selected 36 payment providers to help test the digital euro ahead of its planned rollout and the CLARITY Act secured a second endorsement from a major US law enforcement organization as lawmakers race to advance the crypto market structure bill before the Senate’s August recess.
The United Kingdom will defer capital gains tax on certain cryptocurrency lending and liquidity pool transactions from April 6, 2027, under new rules that treat qualifying disposals on a “no gain, no loss” basis until the assets are ultimately sold.
HM Revenue and Customs (HMRC) announced that qualifying crypto lending arrangements and liquidity pool transactions will no longer trigger immediate capital gains tax liabilities. Instead, gains or losses will generally be recognized only when an “economic disposal” of the digital assets occurs, aligning tax treatment with the underlying economics of these activities.
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