HMRC is killing CRYPTO..

HMRC have updated their guidance on how DEFI is likely to be taxed and it really is not good.. Today we look at the proposed rules and how they will impact DEFI investors in the UK going forwards.

Thanks to Jordan for suggesting I cover this topic.

Blockfi Referral. This is an affiliate link so we both get something if you sign up.
https://blockfi.com/?ref=a72f9d31

Links from video
Release from HMRC
https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto61620

Coverage of the changes:
https://www.cityam.com/uk-crypto-industry-balks-at-new-tax-rules-for-decentralized-finance/

Places to go if you wish to keep updated:
This twitter thread contains a discord group where people are discussing these changes.
https://twitter.com/alpha_pls/status/1489570774419529731?s=21

Outro song
https://www.youtube.com/watch?v=gQFu3FVRDc8