New Zealand

New Zealand has a clear and established regulatory framework for cryptocurrencies under the Financial Markets Authority (FMA), which promotes fair, efficient, and transparent financial markets. The Financial Markets Conduct Act 2013 governs financial services including crypto activities.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regionasia pacific
CurrencyNZD

Tax

Capital Gains (Personal)0% (no general capital gains tax; income tax may apply if trading is a business)
Capital Gains (Corporate)28% corporate tax on business income from crypto
VAT on CryptoNo

The regulator page does not specify detailed crypto tax rules, but VAT does not apply to crypto transactions.

Licensing

RequiredYes
RegulatorFMA NZ
FrameworkFinancial Markets Conduct Act 2013
Easemedium
Cost$10,000 - $50,000 (registration + compliance)

Licensing and supervision of financial services providers including crypto firms is conducted by the FMA under the FMCA.

DeFi

Status: regulated

DeFi activities fall under existing financial regulations and are supervised by the FMA to ensure compliance with financial market laws.

Stablecoins

Status: regulated

Stablecoins are regulated under the Financial Markets Conduct Act and must comply with relevant financial regulations.

NFTs

Status: unregulated

Mining

LegalYes
Electricity$0.098/kWh
Renewable82%
Infrastructuregood

New Zealand offers favorable mining conditions with high renewable energy usage and moderate electricity costs.

Geopolitics

Stabilitystable
SanctionsNo
Corruption Index75/100
Banking Accessopen

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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