New Hampshire's Bitcoin MSB Exemption Law Takes Effect Next Week

A regulatory exemption for digital currency traders in New Hampshire is set to take effect next week.

AccessTimeIconJul 24, 2017 at 4:36 p.m. UTC
Updated Sep 13, 2021 at 6:45 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A regulatory exemption for digital currency traders in New Hampshire is set to take effect next week.

As reported last month by CoinDesk, New Hampshire Gov. Chris Sununu signed HB 436 on June 2, which excludes "persons conducting business using transactions conducted in whole or in part in virtual currency" from the state's money services rules. The measure was first introduced in January.

According to the text of the bill, which was finalized in late April, the new rules take place on August 1, or next Tuesday.

The measure won plaudits from the state's bitcoin community, though state officials, including those from its chief financial regulator, blasted the then-proposed law in hearings before the legislature. The bill was sponsored by Rep. Barbara Biggie, with Rep. Keith Ammon co-sponsoring the measure.

When it came time for votes, both the House of Representatives as well as the Senate displayed a somewhat divided view on the bill, clearing it by votes of 185-170 and 13-10, respectively.

Ultimately, the new rules highlight how New Hampshire has taken a largely different approach to its regulation of digital currencies. Other states, from New Hampshire to Washington, have opted for tighter controls on those who trade or handle digital currencies on behalf of customers.

New Hampshire map image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.