Cryptocurrency exchange pilot launched

Program lifts lid on trading cryptocurrency in Hawaii

State officials said the new “Digital Currency Innovation Lab” program is intended to position Hawaii as a place where financial technology, or fintech, can grow in a way that leads to new economic opportunities while also protecting consumers against risks that come with digital currencies such as Bitcoin, Dogecoin, Ethereum, Litecoin, ZCash and others.

“Hawaii-based consumers can look forward to a variety of options for services offered by digital currency companies in the state,” Iris Ikeda, state commissioner of financial institutions, said in a statement. “I anticipate leveraging this opportunity for our state to develop a robust understanding of one of the most exciting areas in fintech.”

Honolulu Star-Advertiser, August 22, 2020

Read the full article here.