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Discover How New Zealand Plans to Revolutionize Crypto Transparency with OECD Standards
In a forward-looking step, New Zealand has announced its intentions to align with the Organisation for Economic Co-operation and Development’s crypto-Asset Reporting Framework (CARF), signaling a significant shift in the way the country handles cryptocurrency reporting and taxation. This strategy not only aims at enhancing transparency but also at integrating a well-structured regulatory framework to…
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New Zealand Enforces Stricter Crypto Controls Under OECD Guidelines
In a noteworthy development for the cryptocurrency sector, new legislation has been proposed in New Zealand, setting the stage for more stringent reporting requirements for crypto transactions. The move, which is earmarked to come into effect in April 2026, aims to enhance transparency and compliance within the digital currency landscape. Introduction to Stricter crypto Reporting…
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New Zealand Considers Embracing OECD Crypto Reporting Standards
New Zealand Revenue Minister Proposes Adoption of OECD crypto Reporting Framework New Zealand’s revenue minister, Simon Watts, recently recommended the integration of the OECD’s crypto-Asset Reporting Framework (CARF) into the country’s legislation. This move, proposed through the Taxation Bill, aims to enhance the reporting of financial information related to crypto-assets. The proposed changes are scheduled…