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The New Zealand Lobby Sent a letter to the Prime Minister, Suggesting the Government Recognize Bitcoin as a Foreign Currency

Amy Liu

Summary: The New Zealand lobby group Lobby New Zealand sent a letter to Prime Minister Jacinda Ardern, suggesting that the New Zealand government recognize Bitcoin as a foreign currency within 86 days, when Bitcoin will officially become a legal currency in El Salvador. The New Zealand lobby believes that under New Zealand law, foreign currencies cannot ...

The New Zealand lobby group Lobby New Zealand sent a letter to Prime Minister Jacinda Ardern, suggesting that the New Zealand government recognize Bitcoin as a foreign currency within 86 days, when Bitcoin will officially become a legal currency in El Salvador. The New Zealand lobby believes that under New Zealand law, foreign currencies cannot be classified as assets and taxed.

By Amy Liu

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