Post
Topic
Board Press
Re: [2014-07-23] - New Zealand to Treat Bitcoin as Foreign Currency
by
Wesley
on 23/07/2014, 08:17:18 UTC
As a New Zealander, I find this rather interesting. I wonder what they mean by the phrase "monitor any use of bitcoin"? It seems that they want to make sure that people who receive bitcoins in exchange for goods and services pay tax on their bitcoin income, but I'm not sure how this would be enforced. Surely they aren't planning on hiring people to sift through the blockchain?