New Hampshire Snuffs Out Trailblazing Bitcoin Bond Effort
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12 Articles
Zero Hedge
New Hampshire Kills Historic $100M Bitcoin Bond Proposal
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New Hampshire council rejects ‘groundbreaking’ plan for $100 million bond backed by Bitcoin - The Boston Globe
The New Hampshire Executive Council rejected a novel plan on Wednesday that would have authorized the state to establish a $100 million bond backed by Bitcoin.
New Hampshire Council Rejects $100M Bitcoin-Backed Bond Proposal
TL;DR: The New Hampshire Executive Council rejected the plan with a 3-2 vote. The proposal envisioned the issuance of a $100 million municipal bond. The financial instrument projected a maturity period set at three years. The New Hampshire Executive Council rejected a regulatory proposal on Wednesday to authorize the issuance of Bitcoin-backed bonds worth $100 million. The vote halts the state administration’s attempt to implement this financia…
The state of New Hampshire cancelled, in the final stage of the process, an innovative project to issue a Bitcoin-backed bond that would have been the first of its kind under state authority in the United States. The decision came a few months after Moody’s awarded a credit rating to the instrument and unleashed reviews from pro-cryptocurrencies legislators. *** New Hampshire cancelled the issue of a Bitcoin-backed bond. The project would have f…
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