New Zealand Crypto Has Long Way To Go, Despite Salary Announcement

Crypto-asset experts in New Zealand have said there are still some hurdles in the way of mainstreaming payment of salaries in virtual currency, after the country’s authorities clarified how crypto-denominated income should be taxed.

A ruling by New Zealand’s tax authority, Inland Revenue, published last week, made waves after being reported in the financial and crypto press as a “legalisation” of paying salaries in crypto.

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