UK Proposes New “No Gain, No Loss” Tax Rules to Simplify DeFi Activity

The UK is moving toward one of its most meaningful crypto tax reforms to date, as HM Revenue and Customs (HMRC) proposes a new “no gain, no loss” (NGNL) framework designed to ease the tax burden for decentralized finance users. source: https://www.ethnews.com/uk-proposes-new-no-gain-no-loss-tax-rules-to-simplify-defi-activity/