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New Hampshire Deputy Secretary of State Recognizes Bitcoin Contributions

As posted earlier, 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.
Written by ben-abuya.
Forum thread: https://bitcointalk.org/index.php?topic=104544.msg0
Update: the new bitcoin donation page: http://www.markwarden.com/page/bitcoin-donation
submitted by waspoza to Bitcoin [link] [comments]

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Mark Warden Sells His House For Bitcoin

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