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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.
Coinbase Chief Policy Officer: CLARITY ACT Should Be Able to Move Forward
Odaily News: Coinbase's Chief Policy Officer, while discussing the progress of the CLARITY ACT on The Hill, stated: "We have addressed the ethical issues, we have resolved the nomination concerns, and we have a bipartisan bill regarding its substance, which should be able to move forward."
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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.
Coinbase Chief Policy Officer: CLARITY ACT Should Be Able to Move Forward
Odaily News: Coinbase's Chief Policy Officer, while discussing the progress of the CLARITY ACT on The Hill, stated: "We have addressed the ethical issues, we have resolved the nomination concerns, and we have a bipartisan bill regarding its substance, which should be able to move forward."
Singapore MAS and ABS Jointly Establish ACT Working Group to Address AI-Driven Cyber Threats
According to e27, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly established the "AI-Driven Cyber and Tech Risk Taskforce" (ACT) in May 2026, with membership including major financial institutions such as DBS, OCBC, UOB, Singapore Exchange, NETS, and BCS. The taskforce focuses on three key areas: first, promoting industry-wide sharing of AI cybersecurity experience; second, conducting proof-of-concept tests for AI defense tools to enhance institutions' operational capabilities; third, developing security controls and response guidelines for AI threats. MAS Assistant Managing Director Vincent Loy pointed out that frontier AI is increasing the severity, scale, and complexity of cyber attacks, and the financial industry must respond with a high sense of urgency and strong collaboration.