Crypto is legal in Hawaii.

The Aloha State had consistently earned a nearly worst-in-the-nation reputation for its unfriendliness toward digital currencies—second only to New York, a state with a Bitlicense that Hawaii was attempting to adapt and adopt.

But in a news release quietly posted by the governor’s office last week, the state administration revealed that “digital currency companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state.”

“The companies will be able to continue transaction activity as an unregulated business,” the announcement continued. “However, such companies will be responsible for complying with any applicable federal licensing or registration requirements.”

In other words, Hawaii’s regulatory posture has abruptly shifted from strict to “hang loose.”

To license or not to license

The policy change comes after years of debate, study, and sudden-death

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Author: Ryan Kawailani Ozawa

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