New Zealand's ACT Party Proposes Capital Gains Tax Exemption for Long-Term Crypto Holdings

New Zealand's fourth-largest political party, the ACT Party, has introduced a tax reform proposal aimed at digital assets. The plan suggests exempting individual retail investors from capital gains tax on compliant crypto assets held for over one year and waiving tax reporting requirements for small-scale crypto payments. The proposal also includes a regulatory framework for stablecoins and tokenized securities, alongside a regulatory sandbox for startups. Deputy leader Nicole McKee stated that the initiative aims to position New Zealand as a hub for digita