You know how it is, da crypto currency kine stuff always changing and growing. Lately, dey proposed two crypto bills in Hawaii bout da regulation of digital currencies. Each Da bills all over 100 pages, some same some different.
As one Hawaii resident, you gotta pay attention to da crypto bills and see how it can affect our state’s digital currency market.
In da end, hope we can get access to da Crypto Market through good platforms, fo all us Hawaii residents. Stay informed and make our voices heard, cause dis kine stuff always changing.
House Bill 790
Measure Title: Relating to Special Purpose Digital Currency Licensure
Description: Establishes a program for the licensure, regulation and oversight of digital currency companies. Appropriate funds.
Introduced by: Mizuno, Amato, Belatti
First Page Summary: The legislature finds that digital currencies are assets managed or stored electronically, without physical form, and usually not issued by governments. There is little regulation in the US for the digital currency industry. Some states treating it as within the scope of money transmitter laws. In 2020, a two-year “sandbox” program was created to study digital currency transactions and evaluate the need for more permanent oversight. The data confirmed that a new regulatory framework is appropriate and this act is to establish a licensing program to replace the previous “sandbox” program.
Senate Bill 945
Measure Title: Relating to Special Purpose Digital Currency Licensure
Description: Establishes a program for the licensure, regulation and oversight of digital currency companies.
Introduced by: Keohokalole, Shimabukuro, McKelvey