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In this response to the UK tax authority's Call to Evidence, we argue that we need to create clear tax rules for staking and other DeFi activities, rather than extending the current rules for securities lending to DeFi activities.
The UK government aims to turn the country into a crypto hub. The group will support the plan and facilitate cooperation between the UK’s existing financial services and crypto industries.
Cryptocurrency fraud and scams in the United Kingdom grew by 32% in the past year, the Financial Times reported Monday, citing information obtained from police unit Action Fraud.