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NZ tax agency uses blockchain data to track crypto profits and enforce reporting.
New Zealand's Inland Revenue is urging crypto investors to ensure tax compliance, warning that profits from trading or exchanging crypto-assets are taxable and must be reported.
Under the new Crypto-Asset Reporting Framework, the agency will use international data sharing and blockchain analytics to identify unreported crypto activities and impose penalties for failure to declare income.
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La agencia de impuestos de Nueva Zelanda utiliza datos de blockchain para rastrear las ganancias criptográficas y hacer cumplir los informes.