GDF Press Release on HMRC’s Update to its Cryptoassets Manual

On 2 February 2022, Her Majesty’s Revenue and Customs “HMRC” updated it’s cryptoassets manual that it published on 30 March 2021 to outline the tax treatment of decentralised finance “DeFi”.

The update focusses on the lending and staking and therefore applied to two types of transactions:

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