[New Zealand ACT Party Proposes Exemption from Capital Gains Tax for Crypto Assets Held Over 1 Year] Odaily Planet Daily News – New Zealand's fourth-largest parliamentary party, the Association of Consumers and Taxpayers (ACT), has proposed exempting individual retail investors from capital gains tax on compliant crypto assets held for more than one year. Assets held for less than one year, as well as those owned by professional traders and businesses, would still be taxed under current regulations. ACT also proposed tax exemptions for small personal transactions using crypto assets and called for clear regulatory and tax rules for compliant payment-focused stablecoins, tokenized securities, and real-world assets. Additionally, they suggested establishing a regulatory sandbox to allow startups to test new products. ACT Deputy Leader Nicole McKee stated that clear rules, appropriate safeguards, and reduced regulatory burdens would help New Zealand develop digital finance, modern capital markets, and financial innovation. The New Zealand government has already introduced a bill to implement the OECD's Crypto-Asset Reporting Framework (CARF). (Bitcoin.com News)