29 May '15, 11pm

New Jersey Bill to Favor Bitcoin Startups?

New Jersey Bill to Favor Bitcoin Startups?

In contrast to proposed regulation that typically make it more difficult for bitcoin startups to thrive , a bill in New Jersey might wind up favoring these companies. As proposed by two members of the assembly, tax and regulatory breaks could be granted to cryptocurrency companies operating in the state. In particular, Assemblyman Rai Mukherji and Assemblyman Gordon Johnson pointed out that bitcoin startups should be encouraged to run operations since these could trim joblessness in the state. They drafted a 30-page bill to create a regulatory framework for the industry as well. Benefits for Bitcoin Startups Prior to this, New Jersey’s Assembly Financial Institutions and Insurance committee had a two-hour meeting to discuss crytpocurrency developments after the state’s Treasury officially recognized the cryptocurrency last month . According to a report on Star Ledger, the ...

Full article: http://www.newsbtc.com/2015/05/29/new-jersey-bill-to-favo...

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