New Zealand’s Minister of Revenue, Simon Watts, has introduced a bill that could impact the country's cryptocurrency ecosystem by implementing the OECD Crypto Reporting Framework.
New Zealand is preparing new crypto regulatory laws focused on taxation. Simon Watts announced these changes on August 26, 2024.
New Zealand plans to adopt the OECD's Crypto-Asset Reporting Framework (CARF) to enhance cryptocurrency regulation, as per Revenue Minister Simon Watts’ proposal in a new bill.