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IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two
IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two
Update (1514ET):
For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles.
Today's slide in Brent and WTI was...
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FDA Clears Blood Test To Detect Signs Of Alzheimer's Disease
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UK Adopts 'No Gain, No Loss' Tax Treatment For Crypto Lending And Liquidity Pools
UK Adopts 'No Gain, No Loss' Tax Treatment For Crypto Lending And Liquidity Pools
Authored by Micah Zimmerman via BitcoinMagazine.com,
The United Kingdom’s HM Revenue & Customs will treat certain disposals involving cryptoasset loans and liquidity pools as “no gain, no loss,” deferring Capital Gains Tax until a user makes an economic disposal of the underlying cryptocurrency.
The measure, published Monday, takes effect 6 April 2027 and applies to individuals and trustees who enter cryptoasset loan and liquidity pool arrangements, according to the policy paper.
It amends the Taxation of Chargeable Gains Act 1992.
The rules cover three scenarios....
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