The New Hampshire state legislature has passed the 'Blockchain Basics Act' (HB 639), affirming the rights of individuals and businesses to use digital assets for transactions without additional taxes or restrictions based on payment methods. The legislation specifies that node operation, personal mining, and staking do not require a money transmission license. Additionally, under certain conditions, digital asset trading platforms offering staking services are not classified as issuing or selling securities.
The act also introduces a 'Blockchain Dispute Tribunal' to handle blockchain-related legal issues, staffed by judges with expertise in technology law. This move aims to position New Hampshire as a blockchain-friendly jurisdiction, encouraging the growth of blockchain businesses in the state.
New Hampshire Enacts 'Blockchain Basics Act' to Foster Digital Asset Use
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