<h1>Gov’t-Issued Cryptocurrency Mentioned In NY Bill Would Be Bond-Backed</h1>


A bill submitted to the New York State Assembly would convene a taskforce to explore the ramifications of the state issuing its own cryptocurrency. Through a conversation with the bill’s sponsor, ETHNews has learned that the digital asset described in the legislation would be backed by bonds intended to fund various kinds of expenditures, including infrastructure projects.

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