New Hampshire state commission Bitcoin (BTC) and concluded that digital assets such as the underlying blockchain technology are potentially beneficial for New Hampshire.
“There is no clear consensus on the issue of blockchain, even whether there should be basic ‘rules’ governing how people interact on blockchain networks,” the state Cryptocurrency and Digital Assets Commission said in a 42-page report released Thursday.
The commission was set up last year by Governor Chris Sununu to study “specific findings and recommendations regarding the role of the New Hampshire legal system in relation to innovation involving blockchain technologies,” in other words what new state laws or regulations are needed.
The Benefits of Bitcoin and BTC Mining Explained in the Report
In the published report, the part that gave a positive opinion about Bitcoin and BTC mining attracted attention. According to the report, the commission argued that Bitcoin mining could make the state’s electricity grid more stable:
“The Commission, the Governor, and the Legislature’s New Hampshire Energy Department have agreed that Bitcoin mining activities have positive implications for the power system, including contributing to a more stable power grid, more sustainable generation projects, and lower costs for consumers in general. recommends that it direct it to a public review of how it can be integrated.”
*Not investment advice.
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