Hawaii Hints It May Relax Onerous Rule to Lure Crypto Firms

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Crypto New Media Press

Hawaiian regulators have launched a digital currency sandbox initiative that exempts participating crypto companies from Hawaii’s infamous double-reserve requirement. The “Digital Currency Innovation Lab” by Hawaii’s Department of Commerce, Division of Financial Institutions (DFI), and the Hawaii Technology Development Corporation (HTDC) will give “selected” firms a two-year reprieve from Hawaii’s state money transmitter license requirement, […]

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