Finance Redefined: UK government explores DeFi with a focus on staking and lending

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The UK could be a hotspot for DeFi. Here's why.

After nearly two weeks of bearish dominance, the top 100 DeFi tokens finally started to trade in the green. The majority of the DeFi tokens registered double-digit weekly gains.The government of the United Kingdom is asking the public for input on the taxation of crypto-asset loans and staking in the context of DeFi.

In particular, the government is interested in gathering information on the taxation of crypto-asset loans and staking. Her Majesty’s Revenue and Customs call for evidence paper, published on Tuesday, described its intention to study whether administrative hassles and costs may be reduced for taxpayers who participate in the emerging industry, as well as whether the tax treatment might be more aligned with the transactions’ fundamental economics.

According to the governance proposal shared on Thursday, GHO would be an Ethereum-based and decentralized stablecoin pegged to the United States dollar that could be collateralized with multiple assets of the user’s choice.MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using DeFi.

At the end of voting on Thursday, 87.1 % of voters were in favor of the proposal. The proposal involves creating a vault with 100 million Dai (

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Uk wants to be the centre of shitcoinery industrial facility

RubyPlayNetwork is the best play2Earn network users are getting rewarded for play games now online and earn millions BSC Binance BSCGems Cryptocurrency

I’ve heard that they’d better to pay attention to GBPT

They banned Bitcoin ATM machines. but The Easter Europe has 10,000 if them .. We need more facts, and less shilling , please ..

EnterNFT 🔥🔥🔥 EnterBlog EnterArmy ENTERART enterAUDIO NFTART EnterShillGang NFTS EnterNFT CRYPTO Cryptocurrency BSC Binance DeFi Avalanche Avax

BLESS UP MATlC_SHOWS

SUCH A GREAT DEAL MATlC_SHOWS

BIG EVENT MATlC_SHOWS

froginu 100x

GOT LUCKY MATlC_SHOWS

lollipop

LOVE THIS MATlC_SHOWS

LOVE THIS MATlC_SHOWS

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC

United States United States Latest News, United States United States Headlines