Hawaii's Turn Towards Freedom
After a prolonged period of regulatory resistance, Hawaii has suddenly changed its stance on Bitcoin, no longer seeking to regulate it. This shift comes after the state previously made it difficult for local residents to engage with digital currencies due to stringent money exchange classifications. The Digital Currency Innovation Lab, established in 2020 to explore regulated exchange operations within the state, reported significant interest among Hawaii residents despite the market's volatility. However, with the recent recovery of cryptocurrency values and the SEC's approval of a bitcoin spot ETF, Governor Josh Green's office announced the cessation of the DCIL and the decision to leave crypto unregulated at the state level. This move opens the door for Hawaii residents to freely buy, sell, or hold digital currencies within federal laws and financial regulations, awaiting the return of major exchanges like Coinbase.
- Hawaii's regulation saga ends with the state choosing not to regulate digital currencies, marking a significant shift in policy.
- The decision follows substantial local interest in digital currencies and the SEC's recent endorsement of a bitcoin spot ETF, suggesting a growing acceptance of Bitcoin as a legitimate financial market.
https://www.staradvertiser.com/2024/02/07/hawaii-news/tech-view/tech-view-hawaii-quietly-gives-up-on-cryptocurrency-rules/
Bitcoin /
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2024-02-09 21:37:41
Author Public Key
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2024-02-09 21:37:41Event JSON
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"content": "Hawaii's Turn Towards Freedom\n\nAfter a prolonged period of regulatory resistance, Hawaii has suddenly changed its stance on Bitcoin, no longer seeking to regulate it. This shift comes after the state previously made it difficult for local residents to engage with digital currencies due to stringent money exchange classifications. The Digital Currency Innovation Lab, established in 2020 to explore regulated exchange operations within the state, reported significant interest among Hawaii residents despite the market's volatility. However, with the recent recovery of cryptocurrency values and the SEC's approval of a bitcoin spot ETF, Governor Josh Green's office announced the cessation of the DCIL and the decision to leave crypto unregulated at the state level. This move opens the door for Hawaii residents to freely buy, sell, or hold digital currencies within federal laws and financial regulations, awaiting the return of major exchanges like Coinbase.\n\n - Hawaii's regulation saga ends with the state choosing not to regulate digital currencies, marking a significant shift in policy.\n\n - The decision follows substantial local interest in digital currencies and the SEC's recent endorsement of a bitcoin spot ETF, suggesting a growing acceptance of Bitcoin as a legitimate financial market.\n\nhttps://www.staradvertiser.com/2024/02/07/hawaii-news/tech-view/tech-view-hawaii-quietly-gives-up-on-cryptocurrency-rules/",
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