Cryptocurrency Trading to End in Hawaii

What is happening? The Legislature in Hawaii must pass reauthorization legislation to permit cryptocurrency trading to continue in Hawaii

Why is this important? In 2016, Hawaii’s Department of Commerce and Consumer Affairs ruled that cryptocurrencies were regulated as money transmitters, which halted trading of cryptocurrencies

How will this be important? SB 3025 (2022 | HI) would license cryptocurrency in Hawaii & SB 2696 (2022 | HI) would allow cryptocurrencies to be accepted in financial transactions in Hawaii.

KHON | Cryptocurrency trading to end in Hawaii if legislature doesn’t act