BlockBeats News, July 14th, the UK tax authority has confirmed that depositing cryptocurrency into DeFi lending protocols and liquidity pools will no longer be considered a taxable event in the future. This means that investors will not be required to pay capital gains tax until a real economic asset disposal occurs.

This adjustment was announced in a policy paper released by the UK government, will come into effect on April 6, 2027, and will amend the Income Tax Act 1992. This policy change will affect approximately 700,000 individuals and trustees using crypto lending and liquidity pool services.