New Zealand taxman wants info on digital currency owners
Firms are requested to turn over their customers’ personal details and the type and value of their digital currency holdings for tax purposes.
Firms are requested to turn over their customers’ personal details and the type and value of their digital currency holdings for tax purposes.
The Auckland-based exchange said it was carrying BSV with immediate effect, offering up BSV/NZD and BSV/BTC trading pairs via its platform.
Alexander Vinnik is accused of laundering billions of dollars via BTC-e exchange since 2011.
Scammers have been keen to target the Pacific communities in New Zealand, according to the Financial Markets Authority.
In a precedent setting case for New Zealand law, the judge described digital currency as “property.”
The financial markets regulator in New Zealand has warned against Profit Bitcoin, a company it believes has all the hallmarks of a scam. It promises $13K a day.
The country´s financial regulator believes the company is operating a digital currency-based scam.
A change in the tax rules could avoid double taxation currently found with some crypto activity.
New Zealand-based crypto exchange Cryptopia was likely in breach of its compliance obligations in the run up to being hacked.
Grant Thornton New Zealand spelled out the difficulties that remain in identifying the ownership of the cryptocurrency.
New Zealand police nabbed over $4 million in crypto from a software developer who operated an illegal movie streaming site
Earlier this year, the Cryptopia cryptocurrency exchange in New Zealand was hit by a massive attack that reportedly saw it lose $15 million in held funds.