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New Hampshire Executive Council Votes Down $100M Bitcoin-Backed Municipal Bond
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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From zerohedge.com | 19 hr ago
New Hampshire's Executive Council narrowly rejected a proposal Wednesday that would have authorized a $100 million Bitcoin-backed bond, ending what supporters hoped would make the state a pioneer in digital asset finance, according to Bitcoin Magazine. The measure failed in a 3-2 vote after reaching its final approval stage, despite receiving a favorable ...
