Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Hawaii Completes Regulatory Sandbox Pilot Program, Crypto Firms No Longer Require State Money Transmitter License

Hawaii Completes Regulatory Sandbox Pilot Program, Crypto Firms No Longer Require State Money Transmitter License

Odaily2024/07/01 01:45
By:Odaily
Odaily News The Hawaii State Department of Commerce and Consumer Affairs and the Hawaii Technology Development Corporation (HTDC) recently issued an announcement to remind the public that its regulatory sandbox, the Digital Currency Innovation Lab (DCIL), has ended on June 30. Cryptocurrency companies will no longer need a money transmitter license issued by the state of Hawaii to do business in the state. However, they must comply with federal regulations. DCIL is a two-year pilot project in the state of Hawaii established by HTDC in partnership with the Hawaii Department of Financial Institutions (DFI). It allows participating digital currency issuers to do business in Hawaii without a state money transmitter license. The announcement stated: This collaborative research project was launched in 2020 to explore digital currency activities in the state and evaluate the regulatory framework required for companies specializing in digital currencies, also known as cryptocurrencies. The results of the project indicate that digital currency companies will no longer need a money transmitter license issued by Hawaii to do business in the state. ( Bitcoin.com)
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!