Global #New Zealand

New Zealand continues to approach cryptocurrency with a unique and evolving regulatory stance. Rather than treating crypto as legal tender, the country recognizes it as property for tax purposes—a move that has shaped its digital asset landscape since 2018.

In a move to ensure tax compliance in the digital age, New Zealand's Inland Revenue Department (IRD) has intensified its efforts to crack down on cryptocurrency investors who fail to disclose their crypto-related income and gains.