Lawmakers in the U.S. state of New Hampshire are presently considering a bill to legalize payment of fees and taxes in Bitcoin (BTC), documents originally published on January. 3 reveal.

NH HB470 is presently making its means through chambers of the government, with a public hearing to introduce having took place yesterday, Jan. 23.

A subcommittee is because of examine it on Jan. 29, with a due date for a call set for Mar. 14, a summary of the bill’s passage confirms.

Sponsored by Republicans Dennis Acton and Michael Yakubovich, the bill is the latest try to get New Hampshire to simply accept Bitcoin for state payments, with the thought 1st surfacing in 2015.

“This bill needs the treasurer [...] to develop an implementation set up for the state to just accept cryptocurrencies as payment for taxes and charges starting July 1, 2020,” it reads, continuing:

“The set up shall address any accounting, valuation and management problems and additionally establish an acceptable third party payment method or that may process cryptocurrency transactions at no cost to the state. The treasurer is needed to submit the plan to the Governor, House and Senate by November 1, 2019.”

The Granite State’s renewed efforts on Bitcoin come at a time once local governments throughout the U.S. are selecting to forge their own path on the industry.

As Top Market Group reported, Wyoming is presently leading the jurisdictions with a a lot of progressive stance on the problem, introducing a bill to lawfully define crypto as cash earlier this month.

At the national level, matters remains patchwork, with businesses and commentators still grumbling about the less than ideal regulatory landscape forged by entities like the Securities and Exchange Commission (SEC).

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