New Hampshire Passes Blockchain Foundation Act Establishing Digital Asset Framework
By
Dmitri Shakhov
Summary
The New Hampshire State Legislature has passed House Bill 639, the "Blockchain Foundation Act," which establishes a comprehensive legal framework for digital assets in the state. The legislation protects individuals' and enterprises' rights to use self-custody or third-party solutions for holding and transacting cryptocurrencies, prohibits local governments from imposing discriminatory taxes or usage restrictions based on payment methods, and aims to create a predictable regulatory environment for digital assets.
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Key quotes
· 2 pulledThis landmark legislation solidifies the rights of individuals and enterprises to utilize self-custody solutions or third-party providers for holding and transacting with cryptocurrencies.
By prohibiting local governments from imposing discriminatory taxes or usage restrictions based on payment methods, the act aims to create a predictable regulatory environment for the growing digital asset ecosystem.
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