UK Treasury Will Consult on DeFi Taxation: Report

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UK Treasury Will Consult on DeFi Taxation: Report
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The proposed regulatory changes aim to reduce the 'administrative burden' for taxpayers.

The proposed regulatory changes aim to reduce the “administrative burden” for taxpayers.

The final decision on whether to proceed with legislative changes will be made after the consultation. This is the second stage of a five-step process and will be followed by drafting legislation, implementing and monitoring, and ultimately, reviewing and evaluating the change.

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