According to Yahoo Finance, Aave founder Stani Kulechov stated that the UK HMRC’s (Her Majesty’s Revenue and Customs) latest DeFi tax guidelines could become a major turning point for crypto lending. The policy explicitly states that depositing assets such as USDC and USDT into DeFi will not be considered a disposal and will not trigger capital gains tax, with tax only applied upon actual sale or exchange—essentially a “no gain, no loss” treatment. Kulechov said this will reduce compliance costs, benefit both institutional and retail adoption, and boost DeFi liquidity and lending growth in the UK. As the cash ISA tax-free allowance will drop from £20,000 to £12,000 starting in 2027, the attractiveness of traditional savings will decrease, making yield opportunities on platforms like Aave potentially more competitive.