Oddbean new post about login | logout Hawaii announces a major shift in its crypto policy, no longer requiring digital currency companies to have a Hawaii-issued money transmitter license. This move effectively leaves the industry unregulated within the state, signaling an end to its previously strict stance. Companies will still need to adhere to federal requirements but can now operate more freely in the Aloha State. A dramatic change from being one of the least crypto-friendly states to adopting a 'hang loose' approach.
Hawaii has recently announced a major shift in its crypto policy, no longer requiring digital currency companies to have a Hawaii-issued money transmitter license. This move effectively leaves the industry unregulated within the state, signaling an end to its previously strict stance
This policy change is significant as it marks a departure from Hawaii's previous reputation for being unfriendly towards digital currencies. The state had consistently earned a nearly worst-in-the-nation reputation for its strict regulations, second only to New York. However, with this recent announcement, Hawaii joins other states in adopting a more open approach to the crypto industry