New Hampshire's Bitcoin-Backed Bond: First of Its Kind
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Hampshires Business Finance Authority issues first bitcoin-backed bond, rated Ba2 by Moodys, with BitGo handling bitcoin collateral. The bond is overcollateralized and limited recourse, with Moodys highlighting bitcoins volatility as the main risk. The Labor Department proposes rules to allow digital assets in retirement portfolios, signaling cryptos growing integration into the financial system.
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