New Hampshire Sec of State office recognizes Bitcoin contributions
by, 08-30-2012 at 10:21 AM (1002 Views)
https://bitcointalk.org/index.php?topic=104544.0...New Hampshire State Representative Mark Warden is accepting campaign contributions in Bitcoin. His campaign's treasurer recently met with the New Hampshire Deputy Secretary of State regarding the Bitcoin contributions. After examining the information, the Deputy Secretary of State said that he did not see anything wrong with the contributions, nor the way they were handled, and that he would take no action.
The stipulations fleshed out in the vetting process were that:
1. Donations be accompanied by the donor's name and address, and
2. Contributions are acceptable only from US citizens and permanent residents.
According to Warden's campaign manager, Bitcoin contributions are considered in-kind donations and are assigned a market value when received. Those values are reported on campaign finance reports.
I believe this is one of the first official rulings on the legal use of Bitcoin by a government authority. This is an encouraging sign, along with the statement by a spokesperson for the Finnish Central Bank, confirming that Bitcoin is perfectly legal.
The info is in reference to this post.
https://bitcointalk.org/index.php?PH...&topic=99968.0FOR IMMEDIATE RELEASE:
Representative Mark Warden Utilizing Bitcoin for Campaign Donations
Goffstown, New Hampshire - August 11, 2012 - State Representative Mark Warden recently added a Bitcoin donation system to his campaign website (www.markwarden.com), the first state representative in New Hampshire to utilize this emerging technology. According to Warden, Bitcoin will allow online transactions without the need for any third-party approval.
“This is a cutting-edge technology that is market based, voluntary, and extremely innovative. I have constituents and vendors who prefer this medium of exchange, so it’s natural to want to respond to the marketplace,” said Warden.
Bitcoin allows users to make transactions with an alternative, decentralized form of currency that is not subject to the inflationary whims of the Federal Reserve or other central banks. Mark Warden is a Republican State Representative running for re-election in Hillsborough County’s District 39, encompassing the towns of Goffstown, Weare, and Deering.
[note: you can donate to him at this address: http://www.markwarden.com/page/contribute-campaign ]