Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses

Hawaii's New Money Transmitters Act Will Require Virtual Currency LicensesThe state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin […]

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