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FT · 2026-10-28 17:00 UTC

HMRC to reform tax treatment of stablecoins and cryptocurrencies

HMRC will reform tax treatment of stablecoins and cryptocurrencies in Finance Bill legislation starting April. Stablecoins will be treated 'more like money for tax purposes', so spending them won't trigger taxable events. Lending cryptocurrencies on decentralized finance platforms will also not trigger tax, aligning with treatment of share lending.

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