Sending Large Sum $ out of NZ - Implications ?

[Paddles]

well I wouldn't want to make it a challenge. At the moment i'm not seeing places like Countdown and PaK N Save accepting BTC payments. Likewise trying to buy a car in NZ or paying your house bills or even buying a new house. The AML laws are very clear and strict where the $ flows.

Sorry, I know its off topic, but you can do all of that with crypto.

Buying a house could be problematic but not impossible. Ill go one step further, when you buy a house in the future, it will be done on a blockchain.

[peat]

, when you buy a house in the future, it will be done on a blockchain.

I'm not having my Title Deed stored only as 1's and 0's thank you.

[GTM 3442]

I'm not having my Title Deed stored only as 1's and 0's thank you.

It's been a long time since it was stored as anything else peat. New Zealand's Title Registry migrated online in the last decade of the last century.

However the transactions involved in buying and selling property may very well end up using blockchain.

And why not? After all, it's only a mechanism for recording things that happen out in the "real" world.