Tuesday, February 24, 2015

New Hampshire Lawmakers Debate Accepting Bitcoin for Tax Payments

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HearingThe New Hampshire state legislature held a pair of hearings earlier this month that focused on how the state could create a means for residents to pay taxes and fees using bitcoin.
Up for debate is a bill recently filed by state representative Eric Schleien that would open the door for the state to accept bitcoin. The bill is currently being weighed by the New Hampshire General Court Ways and Means Committee.
If passed, the bill would allow New Hampshire to partner with a bitcoin company to accept bitcoin payments and receive US dollars. Similar efforts are underway in states like Utah to explore or take the first steps toward some kind of digital currency acceptance.
The committee met on the 12th and 17th of February to hear testimony from a number of local bitcoin activists and politicians. Speakers included Schleien, former gubernatorial candidate Andrew HemingwayZiftr CEO Bob Wilkins, as well as other state residents speaking both in support of and against the bitcoin payments bill.

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