n some people’s minds Crypto has always lived in a strange ‘grey zone’ and they hold steadfast to a lingering belief that crypto somehow sits outside the tax system – harder to track, harder to report and, in many cases, easier to ignore. Nothing could be further from the truth.

From 1 April, all the uncertainty is coming to an end as New Zealand begins adopting the Crypto-Asset Reporting Framework (CARF) – a global transparency regime designed to bring crypto activity into the same tax reporting environment as other financial assets. The framework was developed by the OECD and is being adopted by countries around the world to improve visibility of crypto transactions and ensure tax obligations are properly reported.

In…