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New Hampshire Executive Council Votes Down $100M Bitcoin-Backed Municipal Bond

From moneycheck.com

A $100 million Bitcoin-secured municipal bond proposal faced rejection from New Hampshire authorities following Wednesday’s divided council vote. The 3-2 outcome terminated a financing initiative that proponents described as a groundbreaking municipal bond collateralized by digital currency. New Hampshire had promoted the arrangement as a method to draw digital finance ventures to the state. Executive Council Terminates Cryptocurrency Bond Initiative The Executive Council exercised final decision-making power following the proposal’s completion of prior financial assessments. Joseph Kenney and John Stephen cast ... (full story)

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