New Zealand’s ACT Party, the Association of Consumers and Taxpayers and a libertarian-leaning junior coalition partner holding 11 seats in Parliament, has proposed exempting individual retail investors from tax on gains from Bitcoin and other qualifying digital assets held for more than 12 months, while arguing cryptocurrency should remain outside any future capital gains tax regime. The plan would keep sales within a year, professional trading and business activity taxable, exempt small everyday crypto purchases, create a clear framework for payment stablecoins, set legal and tax rules for tokenized securities and real-world assets, establish a regulatory sandbox for startups, and review whether crypto businesses have been shut out of existing financial infrastructure. Deputy Leader Nicole McKee said clearer rules and less red tape would unlock the digital economy. New Zealand currently has no broad capital gains tax and instead taxes crypto under income rules when Inland Revenue treats assets as acquired for disposal, so present holder obligations are unchanged while the idea remains a party platform needing coalition support and parliamentary passage. Against a backdrop that has included opposition to stablecoins by a former Reserve Bank of New Zealand governor, the government has separately proposed OECD Crypto-Asset Reporting Framework, or CARF, legislation. As of August 28, 2026, Bitcoin traded at $80,794.