Category: New Zealand

In 2024, New Zealand has witnessed a significant evolution in its approach to cryptocurrency legislation, reflecting a nuanced understanding of the burgeoning digital finance sector. This year, New Zealand’s regulatory landscape for cryptocurrencies showcases a matured, comprehensive approach, balancing the potential of digital currencies with the need for financial...

In New Zealand, prior to 2024, the regulation of crypto-assets and related services fell under the purview of existing laws rather than specific cryptocurrency legislation. The primary regulatory bodies involved were the Financial Markets Authority (FMA), the Department of Internal Affairs (DIA), and the Inland Revenue Department (IRD), with...