Coinbase Just Stopped Serving Bitcoin Customers in Hawaii
Digital currency exchange Coinbase said today that it will stop serving customers in Hawaii following regulatory changes in the US state.
ErisX and bitFlyer are among the 12 crypto exchanges piloting Hawaii’s digital currency regulatory sandbox, that will allow selected entities to do business in the state without its stringent money transmitter license for a two-year period.
Hawaiian regulators have launched a digital currency sandbox that waives the state’s infamous double-reserve requirement for participating crypto firms.
Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb. 26.
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.
Hawaiian lawmakers are aiming to address cryptocurrency, this time by update money transmission law in the state.