Contents
Regulatory Retreat
In a surprising turn of events, Hawaii has discontinued its cryptocurrency licensing pilot program. This move effectively leaves the burgeoning digital currency industry without regulatory oversight in the state.
Industry Impact
The cessation of the licensing initiative has sent ripples through the crypto community. Businesses and investors are now facing a landscape devoid of clear regulatory frameworks, which could have implications for the industry’s development in Hawaii.
Future Uncertainty
With the pilot program no longer in play, questions arise about what the future holds for cryptocurrency regulation in the Aloha State. Stakeholders are left to wonder how this will affect the local market and what steps, if any, will be taken to establish new guidelines.
Did you miss our previous article…
https://grovecrypto.com/congressional-pushback-on-secs-crypto-custody-rule-change/
