New Zealands tax agency has requested that crypto firms in the country share their customers personal details and cryptocurrency asset values.
According to a statement from the Inland Revenue Department (IRD) issued to Radio New Zealand, the agency has requested this information in order to enhance its understanding of the crypto-asset environment in the country, so that it can know how best to help taxpayers meet income tax obligations.
The move comes at a time when tax regulators around the world are tightening their grip on the cryptocurrency market.
Janine Grainger, chief executive of New-Zealand-based Easy Crypto, told Radio New Zealand that the IRD must be widening its net of the tax base because crypto-asset ownership is growing in New Zealand. Grainger called the move a heartbreaking breach of privacy and autonomy.
https://www.theblockcrypto.com/linked/79008/new-zealands-tax-authority-asks-crypto-firms-to-turn-over-customer-info