ACT Proposes New Rule For Digital Assets In Campaign Reform Pledge

Cryptocurrency assets are becoming relevant in public policy, taking a role in campaign pledges internationally from parties seeking to garner support from crypto investors.

On Thursday, the Association of Consumers and Taxpayers (ACT) party unveiled a proposal to modernize the treatment of digital assets in New Zealand, unlocking the benefits of tokenization, stablecoin payments, and crypto-linked tax exemption measures into its economic structure.

The right-wing conservative party, which holds 11 seats in the New Zealand Parliament, proposed waiving capital gains tax for taxpayers holding these assets for over a year, opening the doors for using these as effective…