Hawaii News

The Aloha state's new regulations already attracted some notable Web3 firms, including Coinbase, Metamask, Transak, BitPay and Trust Wallet.

Hawaii residents can gain access to the Coinbase platform, including crypto staking options, following recent regulatory changes.

The brokerage platform took advantage of Hawaii’s recent change to money transmitter licensing to expand to the non-contiguous United States.

While exempt from the Money Transmitter License requirement, crypto firms in Hawaii must still comply with any federal licensing laws.

The task force will submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors.

“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report.

Lawyers for the former CEO of crypto derivatives exchange BitMEX are proposing Hayes’ voluntary appearance on April 6, with his potential release on bail subject to a $10 million personal recognizance bond.

Introduced in Hawaii's House of Representatives on Monday, the bill calls for the formation of a blockchain working group led by the state's economic development agency.

Hawaii has unveiled a virtual currency sandbox that allows blockchain startups to conduct otherwise unlicensed money transmitting activities.

Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes.