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New Zealand Becomes 1st Country To Legalize Payment Of Salaries In Crypto
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Too Dark Park™ Two:MV80MTEyMzk4Xzc0NjIxNTczX0ZFOUFDQ0I=] [quote:Anonymous Coward 73736940:MV80MTEyMzk4Xzc0NjIxNTI1XzlCRkRGREJC] Why? A couple of hundred dollars today, might only be worth pennies tomorrow, with how volitile crypto currencies are?? What if you are late converting them or exchanging them for actual cash? It might be worth less than what you are supposed to earn?? [/quote] :hesright: [/quote]
Original Message
he ruling by New Zealand’s tax authority allows salaries and wages to be paid in cryptocurrencies such as bitcoin from September 1, as long as the payments are in regular, fixed amounts. The digital currency of choice must also be pegged to at least one regular currency and must be able to be converted directly into a standard form of payment.
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