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Cryptoassets are cryptographically secured digital representations of value that can be transferred, stored or traded electronically. They use some form of distributed ledger technology such as blockchain.

Cryptoassets is the term we use. They are also known as:

  • cryptocurrencies
  • cryptographic assets
  • digital financial assets
  • digital tokens
  • virtual currencies.

A wide range of cryptoassets exist, including:

The cryptoasset sector is still developing and there is currently no standard terminology used.

If you have any questions you would like us to answer in future guidance, please contact us.

cryptocurrency@ird.govt.nz