CONCORD, N.H.—New Hampshire Gov. Chris Sununu has made public the report from a commission he formed in 2022 to explore the pros and cons of virtual currency as part of a broader initiative to make the Granite State a leader in digital finance and virtual currency.
As CUToday.info reported earlier, the report was the culmination of the year-long study undertaken by the Governor’s Commission on Cryptocurrencies and Digital Assets.
“This report is comprehensive and timely, providing specific recommendations that would establish New Hampshire as a leading jurisdiction for the development of sound and effective applications of blockchain technologies,” Sununu said.
Trends Identified
The report identified several trends, including the rise of blockchain technology as an “important technical innovation with many potentially important applications in our human societies and economies.” It cited the uses of the technology in the fields of decentralized finance, non-fungible tokens, decentralized applications, and the metaverse.
Given the pervasiveness of the new technology, the commission recommended that New Hampshire legislators should seize the initiative to establish a regulatory framework to protect investors. The commission further argued that applying the recommendations in the report would give New Hampshire a fair chance at becoming an “attractive jurisdiction” for innovators in the virtual currency industry.
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