New Zealand plans to implement the OECD crypto asset information exchange framework, with violators subject to fines of up to $1,000

On August 27th, the New Zealand Minister of Revenue proposed legislation to implement the Organization for Economic Cooperation and Development (OECD) framework for the exchange of information on cryptocurrencies. The proposed amendments are expected to take effect in April 2026. New Zealand crypto service providers will be required to collect transaction information and submit it to the tax agency by 2027, or face a fine of $300 for each violation. Users who do not provide information will be fined $1,000.