Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000).

New Zealand crypto reporting, crypto tax framework NZ, OECD CARF New Zealand, crypto asset reporting NZ, Simon Watts crypto tax, Inland Revenue cryptoRead More

You might also be interested in reading Tokenized Treasuries Hit Record $4.2B Market Cap as Crypto Correction Fuels Growth.