RATE Group | Hawaii Beaches Open to Blockchain and Cryptocurrency Business
83608
post-template-default,single,single-post,postid-83608,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Hawaii Beaches Open to Blockchain and Cryptocurrency Business

20 Mar Hawaii Beaches Open to Blockchain and Cryptocurrency Business

Posted at 16:41h in Cryptocurrency News by

[ad_1]

Hawaii is now reconsidering its stance towards the cryptocurrency industry after seeing major cryptocurrency exchange Coinbase flee citing’ untenable’ cryptocurrency regulations. On March 17Hawaii’s governor’s office announced its new’ Digital Currency Innovation Lab,’ a blockchain technology and digital currency incubator.

In addition, the new incubator was built through a collaboration between Hawaii’s Department of Commerce and Consumer Affairs, Financial Institution Division (DFI) and the Hawaii Technology Development Corporation (HTDC).

The new verve will run for a period of 2 years and will authorize the issuance of virtual currencies to run businesses in Hawaii without obtaining a state license during the pilot period. Using this program, the Hawaii authorities aim to obtain a comprehensive view of cryptocurrencies; and to develop a future regulatory framework for digital assets in Hawaii.

Sandbox participants unsusceptible to penalties against unlicensed money…

[ad_2]

Source link

Tags:
, , , , ,