Municipal bonds with bitcoin as collateral were not approved by New Hampshire

On 10 July, the New Hampshire State Administrative Council voted against a proposal that would have planned to introduce the world ' s first municipal bond, with only bitcoin to support assets, into the municipal bond market. The bond was to be sold through the “Private Placement”, but the programme was not approved by the cantonal administrative committee on Wednesday, so the agency responsible for issuing the bond could not move forward. The New Hampshire Business Finance Association proposal for a $100 million taxable municipal bond was not adopted, according to the results of the voting published by the State Administration Network。