NH "Commission to Study Cryptocurrency" Final Meeting for 2016
A week after their first meeting, the “Commission to Study Cryptocurrency” has made their official recommendation to the full legislature. In the conclusion of this week’s meeting, commission chairman and state representative John Hunt of Rindge said, “Some states have done a lot of regulation. New Hampshire has chosen the seemingly most de minimis regulatory authority of what all the states have done. Obviously, the maximum de minimis would be to repeal what we’re doing and that can be left up to the next legislature. But at this time, this committee will take no position on what is the right answer.”
However, when asking each commission member what they want to do, representative Barbara Biggie of Milford said her concern is that regulation will “snuff the industry, the cryptocurrency industry in New Hampshire and around the country, so I think we should stay out of it right now, regulating-wise”. Hunt asked Biggie if she’d sponsor a bill to repeal the lone existing regulation which authorizes the banking department to license businesses as “money transmitters” who transmit “convertible virtual currency”, and she said she would!
Full story at: http://freekeene.com/2016/10/07/nh-state-house-crypto-commission-member-to-file-bill-repealing-lone-regulation-of-cryptocurrency/
Posted from my blog with SteemPress : http://www.yeahilike.com/nh-commission-to-study-cryptocurrency-final-meeting-for-2016/