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New Zealand's tax authorities have identified over 200,000 citizens who failed to declare cryptocurrency income. They are in trouble now. The Inland Revenue Department (IRD) is reminding investors that virtual assets are taxable. It plans to intensify efforts to track non-disclosure of digital asset

A recent study reveals a significant shift in investment preferences among New Zealanders. Many of them suddenly favor cryptocurrencies over real estate. The survey, conducted by digital asset exchange Easy Crypto, highlights that nearly 20% of New Zealanders own cryptocurrencies, outpacing the owne