Hawaii Wary of Bitcoin Legalization

Although a number of proposals have been put forth by bitcoin exchanges, Hawaii’s Division of Financial Institutions is debating if Bitcoin ought to be legal. Hawaii is currently debating proposals put forth by a number of applicants looking to become ‘money transmitters’ or bitcoin exchanges, according to Iris Ikeda, the commissioner of financial institutions in Hawaii. The Pacific Business News reports that the state’s Division of Financial Institutions ‘has strong reservations’ about bitcoin, a cryptocurrency that is currently illegal for tender in the island state. Speaking to the PBN’s Kathleen Gallagher, Iris Ikeda, the Division’s commissioner said: We are looking […]

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