NH Exempts Bitcoin and Virtual Currency Businesses from Money Transmitter Regulation

NH Exempts Bitcoin and Virtual Currency Businesses from Money Transmitter Regulation

New Hampshire’s governor Chris Sununu (R) signed into law this month a bill that exempts “Persons who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency or receive convertible virtual currency for transmission to another location” from the state’s existing regulations on money transmitters.