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On October 15, 2021, North Carolina Governor Roy Cooper signed the North Carolina Regulatory Sandbox Act of 2021 into law. North Carolina is the 10th state to launch a regulatory sandbox for innovative FinTech or InsurTech offerings.
The rapid development of new technology impacts every industry, but regulators are paying significant attention to the current disruption of the financial services and FinTech industry....
Hawaii Business Magazine May 12, 2021 If you bought a single bitcoin for $1,000 in February 2017 and sold it four years later, you’d pocket around $50,000. But, if you lived in Hawai‘i, you probably didn’t buy Bitcoin after February 2017. That month, the digital currency exchange Coinbase ceased operations in Hawai‘i, blaming over-regulation. Local residents were given 30 days to transfer or sell their digital currency and close their accounts. Since then, digital currency exchanges have struggled to operate in Hawai‘i, but a pilot program started in 2020 opened the door for their r...
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 UT...
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 a...