Un-ban Bitcoin and other cryptocurrencies in hawaii
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Crypto-currencies are a growing market, with the some of them skyrocketing in prices but Hawaii’s Department of Commerce and Consumer Affairs has put a halt to the buying and selling of these currencies. because they made a law that forces exchanges hold an equal amount of cash onsite for all crypto-currency distributed.
Due to the fluctuating prices of the currencies, and the ability to trade different crypto-currencies simultaneously, it makes it impossible for these exchanges to work in Hawaii. With the amount of tourists arriving in our state, and other large countries like Japan having crypto-currency booms, our state is missing out on tons of revenue.
If they decide to retract this law, then the amount of money local businesses can make will increase, and people in Hawaii will be able to buy and sell bitcoin and other crypto-currencies with ease.
- Division of Financial Institutions
Hawaii’s Department of Commerce and Consumer Affairs
Please retract the law put into place restricting crypto-currency exchanges from operating in Hawaii.
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