New Hampshire Bitcoin Bond Nears Final Vote, But There is a Catch
The post New Hampshire Bitcoin Bond Nears Final Vote, But There is a Catch appeared on BitcoinEthereumNews.com. New Hampshire’s Executive Council is holding a public hearing this Wednesday on $100 million in bonds financing private Bitcoin (BTC) purchases. Approval would clear the last governmental hurdle for the first municipal bond collateralized by Bitcoin. However, Bitcoin’s winter drawdown cut its price by more than half. This deal enters mandatory liquidation after a roughly 12.5% slide. That gap, rather than the vote, may decide how the experiment ends. Bitcoin Price Performance. Source: BeinCrypto New Hampshire Bitcoin Bond Takes the Conduit Route The New Hampshire Business Finance Authority (BFA) requested the hearing under state statute RSA 162-I. Executive Director James Key-Wallace asked Governor Kelly Ayotte and the five-member council to determine whether the project is feasible and beneficial. If approved, the BFA will issue taxable conduit revenue bonds, meaning the sta