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The collapse of a third major mainland bank has shaken the U.S. banking system. But state regulators say a bank failure here is unlikely.

Lawmakers are promoting several bills this session to address the issue, including licensing cryptocurrency, something other states have already done.

New York is the financial capital of the U.S., but it has some of the strictest crypto regulations in the country. Find out which other states make crypto investing hard.

Iris Ikeda plans to introduce new legislation that would allow digital currency exchange companies to operate in Hawaii.

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...