New Hampshire,s bill Unfavourable to Bitcoin

in #america7 years ago

Cryptocurrency,new Hampshire House Bill 436 is slated to take effect next week on August 1st. The bill exempts bitcoin from regulatory action and prevents New Hampshire bitcoin businesses from having to register as a money transmitter. The bill flies in the face of previous New Hampshire regulation that targeted bitcoin for harsh regulation. The bill was signed by New Hampshire governor John Sununu on June 2.

“The bill provides bitcoin with clear protection from debilitating and Orwellian regulations. The bill states that anyone who uses a “virtual currency” is exempt from having to register as a money transmitter. This is important news for a State that vouches for being one of the freest places to live in the U.S. ”
Previously in New Hampshire, a bill was introduced that added bitcoin to the money transmitter status. As a bill that reduced people’s economic freedom, this piece of legislation came as sort of an embarrassment to local activists. However, it appears the activists and politicians who supported it simply were not prepared. Ian Freeman, expressed this view:
Screen Shot 2017-07-25 at 13.27.50.png
Even though HB436 is now being passed with enthusiasm and joy across most of the State, not everyone in government agreed with the bill. The House of Representatives and Senate in New Hampshire were divided. Their decision was based on a 185 to 170 vote. Allegedly, several bankers and New Hampshire officials spoke against the bill, saying it would impede their jobs, making it more difficult to detect fraud and apprehend criminals

What are your opinions is a deregulated Bitcoin a good thing? Do you think other States will follow the example set by New Hampshire?
Thank you @paceta
source https://news.bitcoin.com/new-hampshires-pro-bitcoin-bill-effective-next-week/

Coin Marketplace

STEEM 0.15
TRX 0.17
JST 0.028
BTC 68886.39
ETH 2464.41
USDT 1.00
SBD 2.42