New Zealand plans to implement the OECD framework for the exchange of information on crypto assets, with a maximum fine of $1,000 for violators

ChainCatcher news, New Zealand's Minister of Revenue has proposed legislation to implement the OECD cryptocurrency asset information exchange framework, with the proposed amendments expected to take effect in April 2026. New Zealand cryptocurrency service providers are required to collect transaction information and submit it to the tax authority by 2027, or face a penalty of $300 for each violation, while users who do not provide information will be fined $1,000.