New Zealand Tightens Crypto Regulations in 2025 to Enhance Transparency and Combat Tax Evasion

New Zealand continues to treat cryptocurrencies as property rather than legal tender, a stance formalized in 2018 for tax purposes. By 2025, the nation is implementing stricter measures under the OECD's CARF framework through the Taxation Act 2025. These regulations mandate reporting obligations for crypto asset service providers (CASPs) and enforce fair conduct principles for financial institutions dealing with digital assets.

While no direct crypto-specific laws have been enacted, the fintech legislation indirectly shapes the landscape. The MOVE reflects growing institutional engagement with digital assets amid rising retail interest. Market participants await further clarity on how these rules will interact with decentralized finance protocols and cross-border transactions.