NH House Passes Historic Bitcoin Protection Bill + Cannabis Decrim Passed by Record 89%!

Will New Hampshire become a haven for bitcoin and cannabis?

Will New Hampshire become a haven for bitcoin and cannabis?

Today was a historic day in the New Hampshire state house. Two very important bills were passed and if they make it through the senate and governor will ensure that New Hampshire is the best place to be a bitcoiner as well as decriminalize cannabis.

In 2015, a bill (HB 666) was passed that spooked many in the international bitcoin community as it added cryptocurrency to the “money transmitter” statutes. This caused at least one bitcoin business to cease doing business with customers in New Hampshire and quite a bit of buzz about New Hampshire losing its vaunted crytpo-friendly status. How did this happen in a state with the largest concentration of bitcoin enthusiasts per capita? Honestly, we were caught off-guard, but now that’s all changed. In 2016 a state house committee to study cryptocurrency was formed, whose meetings I attended and video recorded.

After hearing from multiple NH bitcoiners in the committee meetings, state representative Barbara Biggie stepped up and filed a bill, HB 436, that proposed to repeal NH’s lone statute regulating cryptocurrencies. Here’s video from the public hearing on HB 436. As Darryl and I pointed out at the hearing, the bill as filed wasn’t quite what we’d hoped for. It created a new definition and exemption for “virtual currency” in the statutes, but still left in statutes a definition and regulation for “convertible virtual currency”. We explained to them that this was confusing and they should be striking the regulation for “convertible virtual currency” rather than creating the additional terminology.

You know what? They listened AND did us one better! The commerce committee amended the bill and turned it into the best possible protection for bitcoin businesses in New Hampshire! The amended bill completely exempts from the money transmitter statutes:

Persons who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency; or receive convertible virtual currency for transmission to another location.

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I don’t think anyone expected the language to be that good, but there it is. This is essentially the opposite of what New York did with it’s business-killing “bitlicense” regulations. Today, the full New Hampshire house of representatives passed HB 436 by a vote of 185-170!

In other exciting state house news, the state house outdid their previous record of 81% voting for cannabis decriminalization, which was set in 2015. This time, 89.8% of the state house members that voted today (318-36), voted for HB 640 which would decriminalize possession of up to an ounce of cannabis, up to five grams of hashish, and cannabis-infused products. If this bill makes it through the senate and governor (who allegedly is friendly to decrim), then people over 21 years of age who are caught with these products will only face a violation instead of a misdemeanor, as they do today.

UPDATE: Liberty Lobby‘s Darryl W Perry just informed me that the state house also voted to add chronic pain to the list of qualifying conditions for prescribing medical cannabis, 301-47.

UPDATE 2: The house also passed HB 160, 302-46 which adds PTSD to the list of qualifying conditions for prescribing medical cannabis.

UPDATE 3: Home grow of medical cannabis (HB 472) also passed the house, 213-118.

Stay tuned here to Free Keene for more exiting news on the frontlines of freedom! Better still, if you love liberty, start planning your move to New Hampshire and help us advance liberty. We’ve already got 101 Reasons Liberty Lives in New Hampshire, and as more libertarians, voluntarists, and liberty-loving anarchists move here, it just keeps getting better and better!

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  1. That’s great news. I’m just disappointed that the state will continue to use aggression against some of the most vulnerable persons in our society. There is no excuse for age discrimination. When will people wake up and realize its no more acceptable to discriminate against young people than it is to discriminate against other minorities in our society.

  2. I agree about government not using age discrimination. However parents should be held responsible for kids (age discrimination lol). A child does not really have the ability to decide for his/her self to know the consequences and still want to for example do drugs…
    Even is so quick to say “that discriminates!!!” Yo, it’s a kid….

  3. SeanODowd The problem is adults make bad decisions too- and your not telling 19 year olds its illegal to have say sex- even if its not in their best interests. It and “brain development” are terrible reasons to discriminate. Not all kids make bad decisions and some of this is the result of poor societal decisions (even if implemented with good intent). You should never punish the majority in an effort to protect a few.

    People in the 1800s didn’t consider eight year olds to be children and eight year olds in the 1800s didn’t consider themselves to be children either. The whole child thing and irresponsibility is as much an issue of holding back younger people from taking on responsibility for themselves as it is of human biology. Childhood is a societal construct created as a result of horrible conditions during the industrial revolution (for children and adults), but in reality the industrial revolution actually made things better for children (and adults) who had come from worse conditions in prior centuries. While implementing laws to criminalize work place violence (and by that I mean putting liability on employers who knowingly and intentionally put people in unsafe working conditions which lead to death/threat to life) were appropriate the outright bans or restrictions on working revolved around age were not.
    Youth is probably best characterized by the lack of inhibitions rather than innocence or lack of knowledge. One is innocent because of intentional deprivation of knowledge/work/skill by a society on youth that if unrestrained would largely disappear at a much earlier point. If you don’t hold youth from opportunity a good chunk would prosper much earlier in life. That scares many I think because of historical work place dangers (many fail to comprehend that improving the safety of work place environments can be done independently of banning youth from working, while you can do the later the former would make more sense) and nutty religious beliefs of certain cultures pertaining to premarital sex. Humorously these cultures often married people at very young ages, but because of societal changes (education) that pushed marriage off it became more of a taboo tied closer to age rather than premarital religious thinking.

  4. Libretea belongs in a cell locked up good and tight along with the likes of his colleagues. People like Ian Freeman, Kyle tasker, and Christopher Cantwell who have warped views of consensual sex.

  5. Koncerned Citizen It looks to me like you’re completely oblivious of Christopher Cantwell’s opinions on this particular subject, now aren’t you KC darling? This begs the question: are the rest of your “koncerns” just as uninformed?

  6. I wouldn’t count all my chickens until their hatched.  The bills have a long way to go and can be vetoed at anytime.

Care to comment?