New Hampshire lawmakers to hold hearing on $100M Bitcoin bonds
The proposed bonds to be backed by cryptocurrency still need approval from New Hampshire Governor Kelly Ayotte and the state’s five-member executive council.
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The proposed bonds to be backed by cryptocurrency still need approval from New Hampshire Governor Kelly Ayotte and the state’s five-member executive council.
The post New Hampshire’s $100 Million Bitcoin-Backed Bond Faces Final Vote appeared on BitcoinEthereumNews.com. New Hampshire’s plan to issue what backers call the world’s first Bitcoin-backed municipal bond goes before the state’s Executive Council on Wednesday, the last approval the $100 million project needs before it can move forward, The Boston Globe reported today. Governor Kelly Ayotte, who has called the effort “historic,” and the five-member council will hold a public hearing Wednesday morning at the request of James Key-Wallace, executive director of the New Hampshire Business Finance Authority. Key-Wallace asked the council to find the proposal feasible and beneficial to the public and to authorize the quasi-governmental agency to proceed. He has said the model would position the state as “a global leader in responsible crypto finance.” The structure differs from a conventional municipal bond in a key respect: no public money is at stake. Rather than the government repaying