The bitcoin-collateralized municipal bond was not approved by the state of New Hampshire

```htmlJinse Finance reported that on July 10, the New Hampshire Executive Council voted to reject a proposal that originally planned to introduce the world’s first municipal bond backed by Bitcoin into the municipal bond market. The bond was intended to be underwritten via "Private Placement," but the plan failed to gain approval from the state Executive Council on Wednesday, preventing the conduit issuer from proceeding with the bond issuance. According to the voting results published on the state Executive Council’s official website, the proposal by the New Hampshire Business Finance Authority to issue a $100 million taxable municipal bond was not approved.```