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Crypto Exchanges Can Now Operate in Hawaii
Summary: U.S. exchanges ErisX and bitFlyer are among 12 crypto firms selected to pilot Hawaii’s digital currency regulatory sandbox that will allow virtual asset service providers to do business in the state without obtaining a money transmitter license for a two-year period, the companies announced Wednesday, August 19. The pilot will help “guide legislation and determine the future of digital ...
U.S. exchanges ErisX and bitFlyer are among 12 crypto firms selected to pilot Hawaii’s digital currency regulatory sandbox that will allow virtual asset service providers to do business in the state without obtaining a money transmitter license for a two-year period, the companies announced Wednesday, August 19.
The pilot will help “guide legislation and determine the future of digital currency activity in Hawaii,” said Hawaii’s Department of Commerce and Consumer Affairs.
The full list of participants includes BlockFi, CEX.io, Apex Crypto, Cloud Nalu, Coinme, Flexa, Gemini, Novi, River Financial and Robinhood Crypto. With the addition of Hawaii, ErisX, which pioneered crypto futures trading in the U.S., is now operational in 49 out of 53 possible jurisdictions.
By Amy Liu
