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Without Approval, New Hampshire's $100 Million Bitcoin Municipal Bond Issuance Is Stalled
Svmuu News: The New Hampshire Executive Committee voted to reject a proposal that would have introduced the world’s first municipal bond backed by Bitcoin into the municipal bond market. The bond was to be underwritten through a private placement, but failed to secure approval from the state’s Executive Committee on Wednesday, preventing the underwriting agency from proceeding with the issuance.The New Hampshire Business and Finance Authority’s proposal to issue $100 million in taxable municipal bonds was not approved.
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