New Zealand currently does not have specific legislation related to cryptocurrencies. ... Cryptocurrency exchanges appear to be considered “money changers” that are subject to the Anti-Money Laundering and Counter-Terrorism Financing Act 2009. Cryptocurrency is treated as property for purposes of income tax legislation.
Aside from that, can I cash out my bitcoin?
A common way to cash out Bitcoin is through a third-party exchange, such as Coinbase, Kraken, or Bitstamp. ... Depending on the platform you work with and your country of residence, cashing out your Bitcoin can take from one to five days. When you change Bitcoin to USD, brokers usually use the SWIFT payment method.
Yet, is there Bitcoin ATM in New Zealand? Unfortunately, there is no bitcoin ATM we know of in New Zealand. You can check the full list of countries with currently known bitcoin ATM installations.
Though, can I buy Bitcoin in New Zealand?
It can be a challenge to buy Bitcoin and other cryptocurrencies in New Zealand. Almost all major services for buying cryptocurrency do not accept New Zealand Dollars. ... Get a Bitcoin wallet. Sign up with an exchange.
Can you actually buy anything with Bitcoin?
The welcome sign is out for Bitcoin, and not just among investors. All told, you can now buy just about anything with bitcoins. Should you choose to part with them, that is. Here are 28 of the most surprising things that'll tempt your digital wallet.