New Zealand continues to develop its legislation in the field of cryptocurrencies, treating digital assets as property rather than money. Since 2018, crypto trading has been legal, affecting approaches to taxation and regulation in the country.
Crypto Regulations in New Zealand 2025
As of April 1, 2026, the OECD's Crypto-Asset Reporting Framework (CARF) will come into effect, aiming to enhance transparency and assist in combating tax evasion in the crypto space. Reporting obligations will be mandatory for Crypto Asset Services Providers (CASP).
Additionally, in March 2025, fair conduct principles were introduced for financial institutions, including those dealing with crypto. While cryptocurrency is not directly regulated as a financial product, new laws are influencing how financial institutions operate with crypto assets.
What is the New Zealand Government Saying About Crypto?
The Financial Market Authority (FMA) is the key regulator of cryptocurrencies and digital assets in New Zealand. It focuses on licensing and tax regimes, as well as warnings against crypto scams. The FMA has warned of increased fraud risks associated with cryptocurrency exchanges due to their decentralized nature.
Crypto License in New Zealand 2025
While there are no specific crypto licenses in New Zealand, Crypto Asset Service Providers (CASP) and wallet service providers must register with the FMA as financial service providers (FSP) to continue their operations. These entities must comply with laws regarding anti-money laundering (AML) and counter-terrorism financing (CFT).
Despite legal uncertainties, the cryptocurrency market in New Zealand continues to grow. The government is taking a cautious regulatory approach that may reshape the market in the future and enhance its popularity among citizens.
