UK introduces 'no gain, no loss' tax for crypto lending starting April 2027. XRP all-time high by September 30, 2026 at 1.2% YES.

UK defers crypto capital gains tax for loans and liquidity pools until 2027. XRP all-time high by December 31, 2026 at 8% YES.

HMRC adopts "no gain, no loss" treatment for certain crypto loans and liquidity pool transactions, deferring CGT until economic disposal.