New Hampshire Approves Historic $100 Million Bitcoin-Backed Municipal Bond
New Hampshire has made history by approving the first-ever $100 million Bitcoin-backed municipal bond, a groundbreaking initiative by the state's Business Finance Authority. This move aims to integrate cryptocurrency into municipal financing, potentially transforming funding strategies and setting a precedent for other states to follow. The bond allows borrowers to raise capital against overcollateralized Bitcoin, marking a significant shift in traditional financing methods.
New Hampshire Approves Historic $100 Million Bitcoin-Backed Municipal Bond
New Hampshire has made history by approving the first-ever $100 million Bitcoin-backed municipal bond, a groundbreaking initiative by the state's Business Finance Authority. This move aims to integrate cryptocurrency into municipal financing, potentially transforming funding strategies and setting a precedent for other states to follow. The bond allows borrowers to raise capital against overcollateralized Bitcoin, marking a significant shift in traditional financing methods.
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