NEW ZEALAND TODAY : “Crypto-assets” As legal and Taxable Forms of Payment

edited August 14 in General

News scattering NZ's crypto world. The NZ government is now considering "“crypto-assets” as legal and taxable forms of payment".

Bitcoin is now LEGAL in the country.

One publication stated , > New Zealand becomes one of the first nation-states to create a proper framework for employees to receive cryptocurrency as part of their wages. However, it should be noted that the new provisions don’t concern self-employed taxpayers, and a couple of conditions are implied: no lock-up period on the coins and an easy convertibility to a fiat currency."

Read the full news here : https://bitcoinmagazine.com/articles/bitcoin-is-now-a-legal-form-of-payment-in-new-zealand

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