New Zealand Recognizes Bitcoin as a Payment Method, Ignores Altcoins

New Zealand Recognizes Bitcoin as a Payment Method, Ignores Altcoins * CryptoMode

For cryptocurrencies, the main problem faced today is gaining credibility. This process has been ongoing for nearly a decade without any significant success. Things have begun looking up again in this regard, at least where Bitcoin is concerned. New Zealand’s recent Tax Information Bulletin confirms Bitcoin is now a legal form of payment.