9:30 am today

Buying a house with Bitcoin: What do you need to know?

From Nine To Noon, 9:30 am today
A binary code displayed on a laptop screen and representation of Bitcoin are seen in this illustration photo taken in Krakow, Poland on November 2, 2023.

Photo: Jakub Porzycki / NurPhoto / NurPhoto via AFP

Those in the housing market are all too familiar with all the foibles of dealing with banks and making sure the money side is all lined up.

But what would be needed if you tried to buy a house using a crypto currency?

At the moment a Remuera home is for sale with the vendor accepting either New Zealand dollars or Bitcoin.

To ensure compliance if a crypto-currency deal goes ahead, the law firm MinterEllison, which specialises in cryptocurrency and blockchain.

Kathryn speaks to Victoria Tatam, a property lawyer with the firm and Jeremy Muir is a specialist in Fintech, also at Minterellison.