digital euro
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UK DeFi tax relief and the digital euro pilot give crypto traders a policy signal to watch
HMRC’s no-gain no-loss treatment for selected crypto lending and liquidity-pool transactions and the ECB’s digital euro pilot show why policy calendars now matter for DeFi liquidity.
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Crypto policy traders should separate tax relief, digital euro testing and CLARITY momentum
Three policy items matter for crypto traders this week, but they affect different parts of the market: lending tax treatment, payment infrastructure and U.S. market structure.