New Hampshire's $100 Million Bitcoin-Backed Municipal Bond Proposal Rejected

The New Hampshire Executive Council voted against a proposal to introduce the world's first municipal bond backed by Bitcoin into the market. The bond was intended to be privately placed, but it failed to receive approval from the state executive council, preventing the issuing conduit from moving forward with the bond issuance. The $100 million taxable municipal bond proposal put forth by the New Hampshire Department of Business and Economic Affairs was not approved.

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