New Hampshire signed a new crypto law

[rdluffy]

I just read an interesting news:

New Hampshire's governor signed the Blockchain Basics Law

Known as the The Blockchain Basic Laws act, the bill provides protections for cryptocurrency innovation and use in the state while also allowing for the creation of a special blockchain dispute docket in the superior court.

“The Blockchain Basic Laws protect one of the most fundamental rights in the digital economy—the right of individuals to control their own digital assets through self-custody,” he added. “They also provide clear legal protections for blockchain developers, miners, validators, entrepreneurs, and businesses building the next generation of financial technology.”

Source: https://decrypt.co/373424/new-hampshire-bitcoin-reserve-blockchain-basic-laws-signing


Although it may not seem a huge thing at first glance, it’s quite interesting that the government guarantees your right to self-custody
It also guarantees residents the right to trade goods and services using crypto, and ensures that the state does not impose additional fees on crypto payments
There are another things

It seems to me like a sound legal framework to provide greater security for crypto companies looking to establish their businesses there

Here in Brazil, there’s a discussion about banning certain self-custody crypto, specially stablecoins, in other words, the government wants to have control over this 

[adultcrypto]

I like the transparency in this law, no ambiguity and it shows that the government have genuine intention of making New Hampshire cryptocurrency friendly. This is totally different from some of the laws in some other places that put so many limitations like those in my country Nigeria that is inconsistent in that government says one thing and does the opposite because of contradictory clauses in the law. I like the part that they guarantees the right to self-custody, that is a game changer. This is a welcome development that I hope others will copy.

[dezoel]

To be fair, it's something that is beneficial to crypto people, and not a bad thing at all, but I also understand why it may not be the perfect way to move forward because it's very limited, to just one place.

We need a lot more than just one place to make this more public so that we could have something larger. I understand the logic, people do want to have something that would be a lot bigger, so if this was not just New Hampshire, but more like whole of USA then it would have been better.