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New Hampshire Approves First Bitcoin-Backed Municipal Bond in U.S.

New Hampshire's Business Finance Authority approved a $100 million Bitcoin-backed conduit bond on Nov. 19, BlockBeats reports. The structure allows companies to borrow against over-collateralized Bitcoin held by private custodians, with BitGo serving as custodian. The BFA acts as an intermediary for approval and oversight but does not guarantee repayment, and the bond is not backed by state funds or taxpayers.
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