Bitcoin & NZ Law

What is the FATF Travel Rule?

The new "Travel Rule" now extends wire transfer rules to Bitcoin transactions between financial institutions in New Zealand. This article discusses the impact on bitcoin and Lightning Pay in New Zealand.
Bitcoin without KYC

It is possible to buy Bitcoin without KYC & AML in New Zealand.
Do I have to pay tax on my Bitcoin?

In New Zealand, cryptocurrency is generally treated as property for tax purposes.
Do I have to pay tax on Bitcoin I have earned?

If you earn Bitcoin in New Zealand it’s generally considered income for tax purposes.
What is the Crypto-Asset Reporting Framework (CARF)?

CARF introduces new global rules requiring crypto platforms to collect tax residency information and report annual transaction summaries to tax authorities. Here’s what it means for Lightning Pay customers, what we’re required to collect, and how we’re approaching it.

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