Crypto Regulations in New Zealand 2025
2025-07-05 06:02:08
Main Idea
New Zealand treats cryptocurrencies as property for tax purposes and is implementing stricter regulations in 2025 to enhance transparency and combat tax evasion, while maintaining a cautious approach to crypto adoption.
Key Points
1. New Zealand legalized crypto trading in 2018 by classifying it as property for tax purposes.
2. In 2025, New Zealand is introducing new regulations including mandatory crypto transaction reporting under the OECD Crypto-Asset Reporting Framework and the Conduct of Financial Institutions (CoFI).
3. The Financial Markets Authority (FMA) is the primary regulator for cryptocurrencies in New Zealand, overseeing digital assets and related activities.
4. Crypto profits in New Zealand are subject to income tax, with rates ranging from 10.5% to 39% based on annual income, as outlined by the Inland Revenue Department (IRD).
5. Despite legal uncertainties, crypto adoption in New Zealand is growing, with the government taking a 'wait and see' approach while exploring regulatory frameworks like the FMA Regulatory Sandbox.
Description
The post Crypto Regulations in New Zealand 2025 appeared first on Coinpedia Fintech News New Zealand has a unique crypto approach; it treats digital currencies as property rather than actual money. Crypto trading became legal in 2018 when New Zealand recognized it as property for tax purposes. The nation opts for clever crypto approaches, as the interest in digital asset investments is growing rapidly. As of 2025, New Zealand is tightening its hold on security to enhance transparency and combat ...
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