The organization is asking the government to consider bitcoin as a foreign currency

Lobby New Zealand, a non-profit organization, sent a letter to the country’s Prime Minister Jacinta Arden asking him to represent the government in recognizing Bitcoin (BTC) as a foreign currency.

The letter was Published This Monday, June 14, 2021 on the NGO’s Twitter account. The document calls for more The central administration must fulfill this request within 86 days, The law when it is foretold Cryptomani In El Salvador it is with a regulation that it is a legal tender.

The organization further stated in the letter New Zealand needs to fulfill its obligations as a sovereign nation. He believes it is reasonable to assume that many New Zealanders and Salvadorans will travel between each country when normal international travel resumes after September 7, 2021. For those coming to New Zealand, switching from Bitcoin to the New Zealand Dollar may pay tax under current law. Lobby New Zealand believes this is very unfair to the people of New Zealand and Salvador.

In the last paragraph of the letter, The NGO says it is ready to help them legally Necessary changes need to be made to make Bitcoin a foreign currency.

In another tweet, Lobby New Zealand He argues That A foreign currency should not be classified as an asset or taxed According to the law of that country.

The voluntary charity opened a series where it received the response of its followers to this last proposal. For example, ZoombiDip users Points out: «That is true for SEC [estadounidense]: If Bitcoin is a Foreign Currency, Why Is It Safe? Janet Yellen needs to talk about this.

Otro Tuitero, Free Market Max, he said: ‘Perhaps I do not understand the tax implications of assets against currency. But I firmly believe that in most countries it is completely different.

What is Lobby New Zealand?

On its website, Lobby New Zealand Gifts Like a Independent non-profit organization. “Our goal is to achieve a better outcome for all New Zealanders,” the statement added: “The question before us is whether your actions and policies are in the best interests of our community.”

Among other things, this NGO Order That through press releases to the New Zealand government Condemnation of Hamas action in the midst of violent clashes in Israel.

There is that too Requested That properly Trevor Mallard resigns as Speaker of the New Zealand House of Representatives Consider that he failed to invest his post.

The regulation of Bitcoin law must be ready within 90 days

This request by the lobby New Zealand coincides with the estimated time (90 days) that the regulation with the law will be ready. Bitcoin To issue a legal tender for the most popular cryptocurrency in the Central American country.

Such as He pointed out John Godoy, a political science student in Guatemala and co – founder of the Coincaex exchange, recently aired a program on the YouTube site “Bloque de la Alianza Blockchain” and reported by CriptoNoticias:

The next 90 days of what’s happening in El Salvador are the depths to defining how this problem is going to develop. There are many features and variables that the government needs to consider … they only have 90 days. They cannot back down.

Juan Godoy, co-founder of Coincaex Exchange.