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Hoping to spur development, group of ND legislators aims to launch crypto sandbox
House Bill 1268 would add North Dakota to a short list of states with a cryptocurrency sandbox, a developmental environment made for testing financial technology products. 8:15 am, Feb. 3, 2021 ×
North Dakota Rep. Nathan Toman, R-Mandan, has proposed the creation of a crypto sandbox to drive financial technology innovation in the state. Illustration by Troy Becker
BISMARCK A group of North Dakota legislators has proposed a bill to launch a crypto sandbox, an experimental environment designed to allow penalty-free development of cryptocurrency technology.
Sponsoring House Bill 1268 is Mandan Republican Rep. Nathan Toman, the legislator behind the idea to create a blockchain asset tied to the state s assets called North Dakota Coin. Fellow Republicans Rep. Rick Becker (Bismarck), Rep. Cole Christensen (Rogers), Rep. Tom Kading (Fargo) and Sen. Shawn Vedaa (Velva) joi
Hawaii introduces bill for new blockchain working group Tech
A new bill recently introduced to Hawaii’s House of Representatives could pave the way for a state-level blockchain working group, overseen by the local economic development agency.
The partisan Hawaii House Bill 622 was introduced by Democrats to the House, and would require the Hawaii Technology Development Corporation to form the new blockchain working group.
According to the bill, the working group would focus on creating a legal definition for blockchain, as well as advising on recommendations for adopting and implementing blockchain technologies in the state.
The introduction to the bill sets out the view of lawmakers that blockchain technology can be of practical use in a range of public sector functions.
This invitation comes after DCIL admitted the first cohort of companies in August 2020.
The second cohort will operate without money transmitter licenses until June 30, 2022.
Hawaii’s government has invited established crypto firms to join the Digital Currency Innovation Lab (DCIL) program, which seeks to boost financial innovation in the country. The government unveiled this news through a news release on January 25, noting that all interested firms should apply through the Hawaii Technology Development Corporation (HTDC) website. The application deadline will be on February 27, 3:00 AM UTC, and the program is set to run until June 30, 2022.
According to the press release, this will be the second onboarding round. The first cohort came in August 2020, and it comprised 11 well-known companies. These are Apex Crypto, bitFlyer USA, BlockFi Trading, CEX.IO, Cloud Nalu, Coinme, ErisX, Flexa Network, Gemini Trust Company, Novi Financial, and River Financial.
Home » Latest News, Newsroom » DCCA NEWS RELEASE: HAWAII’S DIGITAL CURRENCY SANDBOX SEEKING TO EXPAND THE PLAYING FIELD
DCCA NEWS RELEASE: HAWAII’S DIGITAL CURRENCY SANDBOX SEEKING TO EXPAND THE PLAYING FIELD
Posted on Jan 25, 2021 in Latest News, Newsroom
Cryptocurrency Companies Invited to Apply
HONOLULU – The State of Hawaii’s Digital Currency Innovation Lab (DCIL) invites new entities within the cryptocurrency space to join the program – the first of its kind in the state. Launched in March 2020, the DCIL was formed through a partnership between the Department of Commerce and Consumer Affairs, Division of Financial Institutions (DFI) and the Hawaii Technology Development Corporation (HTDC). Companies interested in joining the second round should apply through the HTDC website by February 26, 2021, 5:00 p.m. (HST).