Cryptocurrency Bills Resurface In 2023 Legislature

Three very similar legislative bills relating to digital currency have been introduced at the Hawaii State Capitol this year. The bills are clear descendants of the cryptocurrency licensing bill that failed late last session in conference committee. They are:

The bills are described as the “Special Purpose Digital Currency Licensing Act,” and intend to establish a program for the licensure, regulation, and oversight of digital currency companies as well as appropriate funds.

As of this writing, SB945 has been scheduled for its first public hearing in the Commerce and Consumer Protection Committee on Thursday, Feb. 9 at 9:30 a.m. in Hawaii State Capitol conference room 229. Testimony can be submitted up to 24 hours in advance here:


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