Hawaii Lawmakers Rally Against Regulations on Crypto Trading

Time Stamp: February 23, 2022 8:11 AM
Source Node: 1184918

Hawaii_doesn’t_give_crypto_much_aloha,_but_some_lawmakers_want_to

  • Hawaii lawmakers pushed for the state to become more crypto-friendly.
  • The legislators think the state has the worst crypto environment at the moment.
  • The new measure will see Hawaii create new rules for regulating and licensing crypto firms.

Cryptocurrency trading in Hawaii has been a topic of much concern and priority among the government, lawmakers, and crypto enthusiasts. Crypto firms in the state are hitting hard against government regulations and licenses, and some lawmakers are in support of them.

State Senator Bennette Misalucha is among those advocating for the state to consider changing its rules concerning crypto regulation and licensing. This is due to existing laws not favoring the crypto firms and investors as the companies exchanging US dollars for crypto cannot operate in the state.

If you look at the worst cryptocurrency environment, one of which would be Hawaii. For instance, there is a rule that says for every dollar that’s invested, you have to have reserves. And so for many companies, they may not want to bother with Hawaii …

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