New Hampshire vetoes bill that uses cryptocurrencies to pay taxes

A bill proposed by two New Hampshire lawmakers that allows taxes and fees to be paid in the form of cryptocurrencies has been rejected. According to CoinDesk, two representatives, Dennis Acton and Michael Yakubovich, introduced the bill on January 3 last year. If passed, the bill will instruct the New Hampshire Treasury Secretary "to develop an implementation plan that will allow the state to accept cryptocurrency as a tax payment and allow state government agencies to accept cryptocurrency payments after July 1, 2020." With the release of legislative information, the executive branch and administrative committee of the General Court rejected the bill by 17 votes to 1 on November 13.