About a decade ago, no one knew what a cryptoasset or a blockchain was. The use of blockchain to create cryptoassets boomed in recent years with the high fluctuation in value and price, particularly at the end of 2017 and early 2018. Guidance from Inland Revenue (IR) has been fairly sparse, largely focused on employees, but they have recently released guidance on the tax treatment of investing/owning cryptoassets, as well as stepping up audit activity
Source: Deloitte
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