New Zealand Regulators Rule Businesses Can Offer Employee Paychecks in Crypto Starting Sept 1st...

No comments

New Zealand's financial regulators at the IRD released a ruling telling employers how they can legally pay their staff in cryptocurrencies.  While there were no laws banning it before, it was considered a grey area until now.

Now with clear guidelines, starting Sept 1st - it's absolutely allowed! If the employer offers it, and the employee chooses it over a regular fiat paycheck.

Employers will have to pay their staff in fixed regular amounts, the payment must be able to be converted directly into a government issued currency.

One part we weren't able to make sense of - the taxes may not be the same for each coin.  No reasons for this, or examples were given.

Video Courtesy of 1 News

No comments