New Hampshire’s Committee to Study Cryptocurrency meets for its required 2017 meeting. They question state regulators after the Cryptocurrency Protection Act has been in place for a few months. They ultimately decide to recommend no further actions against or for cryptocurrency like Bitcoin. Here’s the full hearing video:
I explained to the panel that Bitcoin businesses had opened or moved to NH because of the buzz about the cryptocurrency protection act that passed this summer. Regardless of whether the statutory change would have affected those businesses, the publicity surrounding it was good for NH’s image in the crypto-sphere.
Looks like it’ll be a while before New Hampshire has financial freedom across-the-board. When I offhandedly suggested to the panel that all money transmitter regulations should be repealed, they unanimously acted like their rules somehow stop terrorism and drug dealers. Pointing out that South Carolina has no money transmission statutes made zero impact.
It wasn’t the place to take the discussion any further, but it’d be great to see a libertarian state rep introduce such a repeal. South Carolina doesn’t have any more drugs or terrorism than anywhere else.