We, the undersigned co-Directors and Advisory Council members of the Digital Economy
Initiative, hereby respond to the above-referenced HMRC consultation in relation to DeFi
involving the lending and staking of cryptoassets (the “Consultation”).
The Consultation was published on 27 April 2023 and set out at the following web address:
https://www.gov.uk/government/consultations/the-taxation-of-decentralised-finance-
involving-the-lending-and-staking-of-cryptoassets/the-taxation-of-decentralised-finance-defi-
involving-the-lending-and-staking-of-cryptoassets--2.
Final Submission to HMRC in re Cryptoassets Consultation June 22 2023
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