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

New Hampshire is progressing towards the establishment of a $100 million bitcoin bond, taking initial steps through the New Hampshire Business Finance Authority (NHBFA). This bond, while initiated by the state, will be supported by a private-sector partner. The NHBFA has authorized bonds specifically for acquiring and holding digital currencies, and a private entity will manage the bond should one come forward. State Representative Keith Ammon, a proponent of cryptocurrency policy in New Hampshire, views this initiative as a model for future projects, emphasizing that it could help shield the state's economy from inflation and dollar depreciation. The two-year bond's success is contingent on the value of bitcoin, which has experienced fluctuations, including a recent decline. New Hampshire aims to forefront crypto policy development compared to the federal government's slower approach.

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