Governor of New Hampshire Signs Law to Protect Bitcoin Against Regulations.
John Sununu signed the House Bill HB436 on Friday. This Bill provides bitcoin with clear protection against debilitating Orwellian regulations. The bill states that anyone who uses a "virtual currency" is exempt from having to register as a money transmitter.
In an article on freekeene.com, Ian Freeman praised the bill. He said: "This is a historic day and this movement clearly positions New Hampshire as the most friendly state with bitcoins in the United States. NH was already the most free state according to the study "Freedom in the 50 states" and this makes it even more free.
He also said that Darryl W Perry, of Liberty Lobby, who addressed the governor about the bill, commented: "After almost three years trying to obtain a virtual currency explicitly exempt from the Laws of money transmitters in Free Living or State Of Death, I am happy to see clear this first great obstacle ".
In 2015, a bill was pushed through the New Hampshire house that added bitcoin to the "money-transmitter" status. Freeman mentioned that New Hampshire crypto enthusiasts were not prepared for this anti-bitcoin legislation. Therefore, a committee to examine the cryptonnet was created. The results of the work of the committee along with the community of the criptomonedas seem to be this new draft law that protects the people and companies that use the criptomonedas.
Wendy McElroy, recently wrote a piece that condemned Senate Bill 1241, which she said as attempting to undermine the freedom of bitcoin. "Senate Bill 1241 defines digital coins as" monetary instruments "and digital exchanges / tumblers as" financial institutions "in order to enforce the Money Laundering Acts. If successful, the "Anti-Money Laundering, Terrorism Financing and Counterfeiting Act" would have unfortunate consequences on the freedom of bitcoin. "
There are other anti-bitcoin or cryptocurrency accounts that do similar things to mine the coin. This includes New York's original "bitlicense" and the latest anti-money laundering bill in Florida that seeks to target bitcoin traders for the purpose of "security" and "security."
Writers of this type of legislation suggest that they are protecting people from criminality, but many say they are only limiting or undermining personal freedom. However, no one can pretend to know what the future holds in terms of how governments will deal with the digital currency, but there is certainly a tug of war between people who see it as evil and those who see it as good.