Bitcoin Forum

A bitcoin-related bill in New Hampshire (USA) which exempts persons using virtual currency from registering as money transmitters in New Hampshire drew significant support during a commerce committee hearing. If approved, House Bill 436 will allow companies to operate without having to follow strict KYC and AML restrictions. The bill, sponsored by Rep. Barbara Biggie and co-sponsored by Reps. Keith Ammon and John Hunt, passed the state house of representatives last month.

Any thoughts on this, will this support innovation?

This is indeed a big good news most especially to residents and doing business in New Hampshire USA. We are hoping that soon other states would also welcome Bitcoin this way. Though there are of course legitimate concerns that Bitcoin can be abused most especially by terrorist and other dark-minded people, I think we can meet half-way by putting policies and regulations that do not stifle Bitcoin yet do not also encourage bad people to be taking advantage of Bitcoin. These concerns must be balanced so that Bitcoin can still grow yet not become another instrument for bad people. Good move, New Hampshire!

Indeed this is a good news coming from New Hampshire. Any news like this put bitcoin closer to what others say "mass adoption". However, I think the banking institution will oppose this one because they will argue that without having to follow the strict AML and KYC, people will exploit this to create a fraud. And they will fight for it up to the end because they will be bypass.

iamTom123 and joshy23

I certainly agree with you guys. We are all aware that anything, which is out there, can be potentially used for constructive ideals as well destructive ones. Being optimistic, these regulations will be constructive for everyone in USA, and will help initiate similar advances in other states and foreign places in the world.

Good for New Hampshire!

With these measures more people will feel more confortable approaching bitcoin but still we need to see if more states follow this. For now, I hope the results in New Hampshire are good and this will encourage others to take similar action.

First a lol and then a rofl to the stupid second poster :D :D :D his post was deleted, double your bitcoin crap as always it was.

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On topic now, inevitable has happened, and will happen all around the globe slowly as governments are also like sheep, they have witnessed the the strength of bitcoin and blockchain/ decentralized one and now know that it's not going any where no matter what they throw at it.
I doubt it though if they could succeed in taking the control/ manage the system/ cash flow/ community, it's just a tighter environment for illegal activities.

I also need to say that it's them who's supposed to bend and adopt not the other way for the first time in human history, masters/ world powers encountered something which eventually bends them to the free market/ community's will.

Such actions helps a lot to spread the awareness because the masses actually care about the official channels from which news such as this is being broadcast.

Great thoughts you guys, thanks for sharing.

The state of Florida (USA) is following another direction regarding digital currencies. Specifically, Florida lawmakers want virtual currencies like Bitcoin covered under the state’s money-laundering statute, a change that supporters claim would ensure that criminals could not use Internet-based currencies to conceal financial activities.

On the other hand, some Bitcoin supporters claim the law can undermine the cryptocurrency that could be helpful in promoting trade between Florida and nations like Venezuela that rely more on Bitcoin since their own banking systems have crumbled. While others said the law sends the clear message that financial innovation is unwelcome in Florida. Thus, governments in other countries and states that welcome Bitcoin might be pleased with Florida’s law from a competitive standpoint.