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Hawaii Lawmakers Rally Against Regulations on Crypto Trading -Breaking

by Mike Robinson

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Hawaii lawmakers rally against regulation of crypto trading
  • Hawaii legislators pushed to make the state more crypto-friendly.
  • Legislators believe that the state currently has the worst crypto climate.
  • Hawaii will now have new regulations and licenses for crypto-firms under the new law.

The government of Hawaii, legislators, and crypto-enthusiasts have been concerned about cryptocurrency trading. Some lawmakers support the efforts of crypto firms to challenge government licenses and regulations.

Bennette Misalucha (State Senator) is among the advocates for changing state regulations and licensing regarding crypto. The state’s current laws don’t favor investors or crypto companies, and crypto-exchangers cannot legally operate within the state.

Hawaii is the most dangerous cryptocurrency ecosystem. For instance, there is a rule that says for every dollar that’s invested, you have to have reserves. Many companies may decide not to invest in Hawaii.

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