Announcements

Hawaii Digital Currency Bills

  • HB2108
    • Establishes a program for the licensure, regulation, and oversight of special purpose digital currency companies
    • Extends operations of companies in the digital currency innovation lab pilot program under certain circumstances
    • Appropriates funds out of the compliance resolution fund to implement the program
  • SB2695
    • Establishes a Blockchain and Cryptocurrency Task Force
  • SB2696
    • Allows the Director of Finance to authorize any state agency to enter into virtual currency payment agreements with persons or virtual currency issuers to provide the acceptance of convertible virtual currency as a means of payment
    • Allows any state agency that enters into a virtual currency agreement with a person or virtual currency issuer as authorized by the Director of Finance to accept convertible virtual currency
  • HB2287 / SB2697
    • Excludes the electronic transfer of virtual currency through virtual currency companies and cryptocurrency companies from the Money Transmitters Act
  • SB2698
    • Prohibits any encumbrance on the right to own, possess, and use any medium of exchange

Joe Kent: Restrictions hurt Hawaii's stake in cryptocurrency market

Ryan Ozawa: State Legislature must act to keep crypto accessible

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