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Topic

A total ban on cryptocurrency exchanges has been intensified by the Hawaii State Legislature.

Free talk
#1
  • XRP
  • mail
  • 2022/05/11 04:41

With the repeal of Bill HB2108 by the 2022 Hawaii Legislative Session,
the Digital Currency Innovation Lab will close on June 30, 2022 as planned.

All State of Hawaii customer cryptocurrency exchange accounts will be completely closed on December 31, 2022.

In short, anyone investing in cryptocurrencies will need to sell their positions or move their crypto assets from the exchange
to a cold wallet or decentralized platform.

The crash of the UST is still expected to continue.
Below is a detailed description of what has been decided by Congress.

https://hawaii.bulletin.com/hawaii-crypto-law

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#2
  • XRP
  • 2022/05/11 (Wed) 05:07
  • Report

Supplemental, I heard that exchanges that operate outside the DCIL program or do not have a Hawaii money transmitter license may be subject to
cease and desist orders, fines and penalties or reported to the Attorney General.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#3

Thanks for sharing.
Am I correct in my understanding that as long as you live in Hawaii, you will no longer be able to hold an exchange account ？?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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