New Zealand allows companies to pay wages in cryptocurrency. Why does it encourage illegal activities?

Tax official of New Zealand: It is legal to obtain income through cryptocurrency 1. Blockchain provides a series of opportunities that evolve over time; 2. Blockchain can change the business model in the next five years, not necessarily the business model; 3. Blockchain provides the ability to create a multi-asset digital economy; 4. Blockchain can bring a new society, but it cannot solve the trust problem at all levels; 5. Programmable economy will determine the future competitive conditions.

According to Cointelegraph, in the tax information announcement released on August 7, the New Zealand Taxation Bureau summarized the provisions of the public ruling made according to Article 9 1D of the Tax Administration Law of the country, and provided guidance on how to collect taxes accurately.

It is reported that the Guiding Opinions on the Treatment of Income Tax on Encrypted Assets is applicable to the money paid in encrypted form, that is, part of the employee's fixed salary, which is fixed at a predetermined amount or rate, rather than the money that constitutes part of the employee's share plan. In addition, it only applies to salary and wage earners, but not to self-employed taxpayers, including service remuneration and bonuses, commissions and gratuities. According to Block, the US Department of Commerce is seeking to hire a computer scientist with "professional" experience in cryptocurrency and blockchain technology.

USAJobs, the official government employment portal of the National Institute of Standards and Technology (NIST), a non-regulatory agency under the Ministry of Commerce, posted a recruitment message, planning to recruit a person with "experience in building a blockchain test platform and conducting research, blockchain technology, encrypted account books and encrypted contract analysis".