IRD to begin probing crypto-currency investors

A Radio NZ article.

Inland Revenue is upping its attention to crypto-currency investors by asking companies dealing in them to hand over their customer details.

It’s requested all firms pass on customers’ personal details as well as the type and value of their crypto assets.

“IRD is requesting this information to enhance our understanding of the cryptoasset environment in New Zealand so we can work out how best to help taxpayers meet their income tax obligations,” it said in a statement.

Chief executive of Easy Crypto, Janine Grainger, said she was disappointed by the request but not surprised.

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