HB436 (2017)

Exempting persons using virtual currency from registering as money transmitters.


Status: PASSED Commerce and Consumer Affairs (Details)
Length: 78 words.


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Revisions of this bill in our system:

 HouseSenate
Public hearing:(unscheduled) (unscheduled)
Executive session:(unscheduled)(unscheduled)
Floor vote:2017-03-08 00:00:002017-04-20 00:00:00

HB 436 - VERSION ADOPTED BY BOTH BODIES

 

8Mar2017... 0441h

2017 SESSION

17-0621

08/04

 

HOUSE BILL 436

 

AN ACT exempting persons using virtual currency from registering as money transmitters.

 

SPONSORS: Rep. Biggie, Hills. 23; Rep. Ammon, Hills. 40

 

COMMITTEE: Commerce and Consumer Affairs

 

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AMENDED ANALYSIS

This bill also persons using virtual currency from being licensed as money transmitters.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

8Mar2017... 0441h 17-0621

08/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT exempting persons using virtual currency from registering as money transmitters.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Paragraph; Money Transmitters; Registration; Exemptions.  Amend RSA 399-G:3 by inserting after paragraph VI the following new paragraph:

VI-a.  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.  Such persons shall be subject to the provisions of RSA 358-A.  

2  Effective Date.  This act shall take effect 60 days after its passage.