New Hampshire Gov. Kelly Ayotte signed HB 639 into law last week, putting in place what the measure calls the “Blockchain Basic Laws.” The law is designed to protect cryptocurrency innovation and use in the state, and it also allows a special blockchain docket to be created in the superior court for related disputes.
The move adds to a broader set of crypto-related policy actions in New Hampshire. Last year, the state passed a strategic Bitcoin reserve law that allows the state treasurer to invest as much as 5% of public funds in Bitcoin as well as precious metals including gold and silver. Separately, the state’s Executive Council last week rejected a proposal that would have allowed the New Hampshire Business Finance Authority to advance Bitcoin-backed municipal bonds.
The update was reported by Odaily, citing Decrypt for part of the legislative development.
New Hampshire Gov. Kelly Ayotte signed HB 639 into law last week, enacting a measure known as the “Blockchain Basic Laws.” The law provides protections for cryptocurrency innovation and use in the state, and allows a special blockchain docket to be established in the superior court.
HB 639 becomes law
According to the report, the legislation is aimed at protecting blockchain and crypto-related activity in New Hampshire while adding a more specialized channel for handling related disputes in court.
State had already passed a strategic Bitcoin reserve law
Last year, New Hampshire passed a strategic Bitcoin reserve bill that allows the state treasurer to invest up to 5% of public funds in Bitcoin, as well as precious metals including gold and silver.
Another Bitcoin-related proposal was rejected
The state’s Executive Council last week rejected a proposal that would have allowed the New Hampshire Business Finance Authority to advance Bitcoin-backed municipal bonds, according to Decrypt.
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