New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond
The post New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond appeared on BitcoinEthereumNews.com. The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State. The New Hampshire councilors voted 3-2 against it, according to reporting from The Boston Globe. The New Hampshire Business Finance Authority and Governor Kelly Ayotte had promoted the bond as “groundbreaking” and “historic.” The deal would have stood as the world’s first Bitcoin-backed municipal bond. The plan had cleared Moody’s ratings and reached the Executive Council for its final vote before issuance. The council did not share that enthusiasm. Karen Liot Hill, the lone Democrat, framed her opposition as caution rather than hostility. “I’m not opposed to Bitcoin or cryptocurrency in general,” she told The Boston Globe. “But I do think t