The Governor of New Hampshire signs Blockchain Basic Laws to protect blockchain innovation and cryptocurrency users

New Hampshire Governor Kelly Ayotte signed HB 639 into law last week. The bill is known as The Blockchain Basic Laws, which provides protection for cryptocurrency innovation and use in the state, and allows for the establishment of special blockchain dispute case files in the superior court.

New Hampshire passed a strategic Bitcoin reserve bill last year, allowing the state treasurer to invest up to 5% of public funds in Bitcoin, as well as precious metals like gold and silver. The state's executive council rejected a proposal last week that would have allowed the New Hampshire Business Finance Authority to promote Bitcoin-supported municipal bonds.