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When the state recently announced plans to launch the first-ever municipal bond backed by Bitcoin, the news exposed a big hole in my knowledge base. Bitcoin wasn’t the problem, it was the bond part that baffled me. I know about chemical bonds, town meeting bonds to buy fire trucks and James Bond, but none of those seemed to fit. So, I went hat-in-hand to James Key-Wallace, executive director of the Business Finance Authority, seeking wisdom. My problem, he said, is that “municipal bond” can mean

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