New Hampshire Becomes First State to Approve Bitcoin Reserve Law

By: coinchapter|2025/05/07 04:15:01
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On May 6, 2025, Governor Kelly Ayotte signed a Bitcoin Reserve bill into law, making New Hampshire the first U.S. state to create an official state-level Bitcoin Reserve. The law allows the state to invest in cryptoassets. The Bitcoin Reserve law permits the state to allocate up to 5% of total state funds for crypto purchases. For the 2026–2027 budget cycle, New Hampshire has $16 billion in total expenditures. Based on that figure, the maximum potential investment in Bitcoin could reach $800 million. No official statement from the Governor’s office or state Treasury has confirmed when the Bitcoin purchases will begin or what percentage will be used. New Hampshire Moves Forward While Florida and Arizona Withdraw Bills The New Hampshire Bitcoin Reserve law follows recent rejections in other states. In Florida, both HB 487 and SB 550 were pulled from the legislative process before reaching a vote. In Arizona, Governor Katie Hobbs vetoed one of two Bitcoin Reserve bills, citing financial risks and structural issues. While Florida and Arizona delayed or blocked similar proposals, New Hampshire passed the Bitcoin Reserve bill with bipartisan support and limited opposition. The approval positions New Hampshire as the only U.S. state with an active Bitcoin Reserve strategy in law. The law was finalized with the Governor’s signature, clearing the way for state-level participation in cryptoasset investment tied to market capitalization requirements. Bitcoin Reserve Law Includes Other Cryptoassets Over $500 Billion Although the bill is widely referred to as the New Hampshire Bitcoin Reserve law, its scope covers more than just Bitcoin. The law allows the state to invest in any cryptoasset with a market cap of at least $500 billion. Currently, Bitcoin is the only asset that qualifies. However, if other cryptocurrencies such as Ethereum (ETH) or XRP reach this threshold, the law would also permit their inclusion in the state reserve. Notably, the law does not name any specific assets. It defines eligibility by market capitalization. This approach keeps the state’s options open without changing the law for each new asset. Trump’s National Bitcoin Reserve Order Remains Unresolved At the national level, a separate Bitcoin Reserve plan is under review. A previous executive order by Donald Trump gave the U.S. Treasury until May 5, 2025, to evaluate a national digital asset reserve. That deadline has passed without any official update. The Treasury has not released findings or provided new timelines. The delay means that the federal Bitcoin Reserve effort remains uncertain. Moreover, as the only state with a signed Bitcoin Reserve law, New Hampshire now becomes the first to test this policy in practice.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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