Crypto investors hopeful about ACT's 'progressive' policy
Follow
the podcast on
Crypto investors are hoping a new policy will stop punishing them in the long term.
ACT's campaigning on modernising regulations, including allowing tax-free profits on crypto held for more than a year, and a 12 month brightline test.
Party Leader David Seymour believes our tax system currently treats crypto coins as an asset.
Swyftx New Zealand Country Manager Paul Quickenden told Ryan Bridge every time you buy or sell, there's effectively a capital gains tax.
He says there's a lot of work for a very small amount of tax.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
