#美SEC推动加密创新监管最近英国财政部扔出了个 is quite an interesting policy proposal - aimed at the borrowing and liquidity pool operations in Decentralized Finance (DeFi), a set of "no profit no loss" tax standards is being prepared for implementation. What does this mean? It means that when you throw coins into a lending protocol or LP pool, you won't be immediately targeted by the tax authorities for capital gains tax. Only when you actually sell, exchange, or realize actual gains or losses will the tax be calculated based on the real monetary results. This is a significant piece of favourable information for users who frequently participate in DeFi operations - at least you won't have to worry about how to report taxes every time you make a move. What is the current situation in the DeFi market? The total locked value (TVL) has dropped from the previous 178 billion USD to 123 billion. The market is shrinking. At this time, such a tax relief policy can stimulate things to some extent. After all, no one wants to be in a messy situation because of tax issues; if there are fewer troubles, funds are naturally willing to stay a little longer. I have to say, this move by the UK is quite clever. As a traditional financial center, if it can find a balance in cryptocurrency regulation and attract more projects and users, its position in global competition will be secured. Founders of leading protocols like Aave have come out to praise this, calling it a "major victory for users", indicating a good level of industry recognition. The liquidity pool is the lifeline of DeFi. With simplified taxes and reduced trading costs, money will naturally flow more smoothly. This time, the UK has shown some sincerity - wanting to expand the market while keeping regulation under control. Whether it can truly take effect depends on the subsequent execution and market reaction.