September 20, 2024

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New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting Framework

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New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting Framework
New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting FrameworkThe New Zealand government has introduced a bill to implement the OECD’s Crypto Asset Reporting Framework (CARF). This framework aims to increase transparency in the crypto asset market. Effective April 1, 2026, New Zealand-based crypto-asset service providers (CASPs) must collect and report information on reportable users’ transactions. Penalties are proposed for non-compliance by CASPs and […]