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New Hampshire Awaits Bitcoin Bond Buyer to Get First State Effort Rolling

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Source: CryptoNewsNet Original Title: New Hampshire Awaits Bitcoin Bond Buyer to Get First State Effort Rolling Original Link: New Hampshire moved this week to foster the state’s first effort toward establishing a $100 million bitcoin bond, which would be directed by a state entity but backed by a private-sector firm, according to those involved with the effort.

The New Hampshire Business Finance Authority authorized “$100,000,000 bonds for a project to acquire and hold digital currency,” according to the description on its agenda. The NHBFA doesn’t direct state-backed bonds, but encourages private-sector entities to administer them. If that happens with this bond, the New Hampshire Executive Council will review the deal and vote on whether to approve it.

Once approved, the project will go live — the first of its kind in the nation.

The NHBFA is a self-funded, state-created organization meant to foster New Hampshire’s economic development. Proceeds from its bond projects return to the entity to help bolster its operation.

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