New Hampshire House Bill HB639 has completed registration procedures. The bill states that state and local governments may not restrict individuals from using digital assets for payments or from holding assets through self-custody wallets. It also says authorities may not impose additional taxes solely because someone uses digital assets. In addition, individuals and businesses operating nodes, engaging in mining, or participating in staking would not be required to obtain money transmitter licenses, and those activities would not be treated as the issuance or sale of securities. The proposal outlines a clearer regulatory boundary for payment use, self-custody, and blockchain network participation.
HB639 completes registration and sets out protections for digital asset use
According to ChainCatcher, New Hampshire House Bill HB639 has completed the registration process. The bill states that neither state nor local governments may restrict individuals from using digital assets for payments. It also provides that individuals may hold assets through self-custody wallets without facing restrictions at the state or local level. In addition, the bill says authorities may not impose extra taxes solely on the basis that a person uses digital assets.
Node operation, mining and staking would not require money transmitter licenses
HB639 also addresses the compliance treatment of core blockchain-related activities. Under the bill, individuals or businesses that operate nodes, engage in mining, or conduct staking activities would not need to obtain money transmitter licenses. At the same time, those activities would not be considered the issuance or sale of securities. Taken together, the bill attempts to define a clearer regulatory boundary around digital asset payments, self-custody, and participation in blockchain network operations.
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