New Hampshire's Executive Council voted 3-2 to reject a proposed $100 million Bitcoin-backed municipal bond, shelving what supporters said would have been the world's first such issuance despite arguments that it posed no risk to taxpayers.

New Hampshire will hold a July 8 hearing on a $100M Bitcoin-backed municipal bond. The first-of-its-kind instrument uses Bitcoin as over-collateralized

New Hampshire's Executive Council will vote Wednesday on a first-of-its-kind $100 million Bitcoin-backed municipal bond.