New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says it wants to improve its understanding of the digital asset industry “so we can work out how best to help taxpayers meet their income tax obligations.” New Zealand firms might not have legal grounds to refuse the request, says the report. In the island nation, virtual currencies are treated....
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Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on All Coinsquare Users The Canadian tax authority has asked a federal judge to force Coinsquare “to hand over information and certain documents about all its clients” since the beginning of 2013, the National Post reported on Friday, elaborating: The Canada Revenue Agency wants to know the....
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ Herald, New Zealand’s financial watchdog is concerned about the latest “rollercoaster move” seen in the bitcoin (BTC) price. “Cryptocurrencies are not regulated in New....
If it's a taxable event, authorities want to know. New Zealand businesses must now submit information on their clients' digit asset usage to the country's tax regulator, the Inland Revenue Department, or IRD. The governing body said it wants to get a better grasp on the crypto scene in the country and determine an applicable tax framework for the asset class, according to a statement reported by Radio New Zealand, or RNZ. In addition to specifics around crypto usage, the IRD will also request associated client information, RNZ wrote. The IRD is not the only government body dialing in on....
New Zealand lawmakers and regulators largely have not imposed strict guidelines for crypto firms to operate in the country, nor for Kiwis to use cryptocurrencies freely. Global cryptocurrency exchange Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.In a Sept. 29 tweet, Binance said it was registered as a financial service provider in New Zealand, allowing residents to access services including spot trading, nonfungible tokens and staking. The move to the crypto-friendly Pacific nation followed regulators in....
Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ).
Binance Launches Crypto Trading Platform in New Zealand
Global crypto exchange Binance announced Friday that it has successfully registered as a financial service provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of....