Receiving Salary in NewZealand in CryptoCurrencies | CryptoPositive

[evgenia_volkova]

New Zealand became the first country to legalise salary payment in Bitcoin. So which other countries do you think will follow NZ's footsteps? 🤔

Now if you are working in New Zealand you can receive your salaries in cryptocurrencies as legalised by Inland Revenue Department (IRD), New Zealand Tax effective from September 1, 2019.

[dantee1]

The next country should be the USA as some in the congress are beginning to understand that Bitcoin is here to stay, and for good.

During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.

Therefore, from the way things are going in the Senate, and considering the sheer number of Americans interested in Bitcoin, I won't be surprised if we become the next country to fully adopt Bitcoin.

[Get Ready]

I think China will be the next country, many news about they're rolling out their own coin recently. But it's not existing coins on the market now, they will issue their own coin.
https://www.forbes.com/sites/rogerhuang/2019/08/14/chinas-digital-currency-is-unlikely-to-be-a-cryptocurrency/#5a4de88b6a52

[Juggy777]

New Zealand became the first country to legalise salary payment in Bitcoin. So which other countries do you think will follow NZ's footsteps? 🤔

Now if you are working in New Zealand you can receive your salaries in cryptocurrencies as legalised by Inland Revenue Department (IRD), New Zealand Tax effective from September 1, 2019.

I think China will be the next country, many news about they're rolling out their own coin recently. But it's not existing coins on the market now, they will issue their own coin.
https://www.forbes.com/sites/rogerhuang/2019/08/14/chinas-digital-currency-is-unlikely-to-be-a-cryptocurrency/#5a4de88b6a52

@evgenia_volkova shouldn’t Japan be the first as they had accepted bitcoin as their legal tender long back, hence New Zealand would be the second country. The second country I feel should be China as they have many users who use bitcoins, if they made it legal it would give bitcoin prices a huge boost.

The next country should be the USA as some in the congress are beginning to understand that Bitcoin is here to stay, and for good.

During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.

Therefore, from the way things are going in the Senate, and considering the sheer number of Americans interested in Bitcoin, I won't be surprised if we become the next country to fully adopt Bitcoin.

US will never accept it as they’ll see it as a threat to their currency i.e. dollars, but if they do the World will have to follow suit and accept bitcoins too.

[MiltonFree]

New Zealand became the first country to legalise salary payment in Bitcoin. So which other countries do you think will follow NZ's footsteps? 🤔

Now if you are working in New Zealand you can receive your salaries in cryptocurrencies as legalised by Inland Revenue Department (IRD), New Zealand Tax effective from September 1, 2019.

I think China will be the next country, many news about they're rolling out their own coin recently. But it's not existing coins on the market now, they will issue their own coin.
https://www.forbes.com/sites/rogerhuang/2019/08/14/chinas-digital-currency-is-unlikely-to-be-a-cryptocurrency/#5a4de88b6a52

@evgenia_volkova shouldn’t Japan be the first as they had accepted bitcoin as their legal tender long back, hence New Zealand would be the second country. The second country I feel should be China as they have many users who use bitcoins, if they made it legal it would give bitcoin prices a huge boost.

The next country should be the USA as some in the congress are beginning to understand that Bitcoin is here to stay, and for good.

During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.

Therefore, from the way things are going in the Senate, and considering the sheer number of Americans interested in Bitcoin, I won't be surprised if we become the next country to fully adopt Bitcoin.

US will never accept it as they’ll see it as a threat to their currency i.e. dollars, but if they do the World will have to follow suit and accept bitcoins too.

Yes, I think you are right, exactly what I was thinking. Japan considered it as a legal tender a long ago therefore it is allowed to pay salaries in BTC in Japan, too?
The USA is afraid of Bitcoin, they will definitely not be the next one who legalizes it. But I don't think it will be China, either.

[AdolfinWolf]

New Zealand became the first country to legalise salary payment in Bitcoin. So which other countries do you think will follow NZ's footsteps? 🤔

Now if you are working in New Zealand you can receive your salaries in cryptocurrencies as legalised by Inland Revenue Department (IRD), New Zealand Tax effective from September 1, 2019.

Has been allowed for years in various EU countries i'm pretty sure.

E.g https://www.cryptonewsz.com/swiss-media-giant-netzmedien-ag-decides-to-pay-employees-in-bitcoin/13847/
and https://www.reddit.com/r/Bitcoin/comments/8lkea7/dutch_company_pays_employees_in_bitcoin/

[rosezionjohn]

Their closest neighbor, Australia can follow suit. It's also a crypto friendly country so I would not be surprised if they copy some/most of the NZ's provisions.