New Zealand's ACT Party proposes exempting crypto assets held for more than one year from capital gains tax

As reported by Bitcoin.com, New Zealand's fourth-largest party, the ACT Party (Consumers and Taxpayers Association), has formally proposed a digital asset tax reform plan. The proposal seeks to exempt compliant crypto assets held by individual retail investors for over a year from capital gains tax and waive tax reporting obligations for small-value crypto payments. Additionally, the plan introduces clear regulatory frameworks for stablecoins and tokenized securities, alongside a regulatory sandbox mechanism tailored for startups. ACT Party Deputy Leader Nicole McKee stated that this initiative aims to establish New Zealand as a trusted hub for digital finance, driving local high-value employment and economic growth.