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New Zealand Tax Authorities Give the Go Ahead for Crypto Payroll

New Zealand Tax Authorities Give the Go Ahead for Crypto PayrollNew Zealand Tax Authorities Give the Go Ahead for Crypto Payroll

The crypto train has not yet stopped chugging along. More and more companies and countries are looking to get involved in the crypto sector, despite the hardships it has faced the past year. New Zealand just so happens to be the latest country, with reports coming out on Tuesday that said the sovereign island country will allow employers to pay their workers in cryptocurrency.

Here’s everything we know.

New Zealand Allows Employers to Pay Staff in Cryptocurrency

This month, New Zealand tax authorities published a ruling that featured a section giving guidance for companies that want to compensate their staff in cryptocurrency. Blockchain News reported this yesterday, August 13.

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