Lawmakers and policymakers have not been standing by idly. There have been many bills introduced in the Legislature over the past several years to either exempt cryptocurrencies from the money transmitter requirements or create new laws to accommodate them. Sadly, so far, all have died in committee.
Meanwhile, the DFI partnered with the Hawaii Technology Development Corp. to create a “regulatory sandbox,” which today allows nearly a dozen cryptocurrency exchanges to operate in Hawaii as a pilot. (Coinbase, alas, is not among them.) A few more companies will join the cohort this month.Honolulu Star-Advertiser, June 1, 2021
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