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Topic: new-hampshire

The New Hampshire State House in Concord
Crypto
Thursday, 7/9, 10:37 PM

New Hampshire Rejects a Landmark $100 Million Bitcoin-Backed Bond

  • New Hampshire's Executive Council voted 3-2 to block a first-of-its-kind $100 million municipal bond that would have funded a company's bitcoin purchases, backed by bitcoin as collateral.
  • It is a setback for efforts to fuse crypto with public finance, even in the first state to embrace a bitcoin reserve, with councilors citing volatility and risk to the state's reputation.

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