New Hampshire's Executive Council voted 3-2 to reject a proposed $100 million Bitcoin-backed municipal bond, shelving what supporters said would have been the world's first such issuance despite arguments that it posed no risk to taxpayers.
New Hampshire is advancing a first-of-its-kind bitcoin-backed municipal bond—rated Ba2 by Moody’s Investors Service—that blends crypto volatility with traditional debt markets by offering investors yield plus upside tied to bitcoin collateral without taxpayer risk.
