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Bypassing the Bitcoin Blockade - Hawaii Business Magazine

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 return. The Digital Currency Innovation Lab, a joint project of the Hawai‘i Division of Financial Institutions and the Hawaii Technology Development Corp., is a novel approach to regulation. It’s a “regulatory sandbox,” with state regulators working closely with a select group of companies and gathering data to inform decisions about how to regulate the industry moving f ....

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The Dome Report - 2021 West Virginia Legislative Update: Issue 6 | Spilman Thomas & Battle, PLLC

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March 31, 2021 was Cross-Over Day at the West Virginia Legislature. This is the day when all bills must pass out of their house of origin and on to the other chamber. Historically, just over 23 percent of all bills clear this hurdle and, once over to the other side of the Capitol, 65 percent of them end up being enacted. This year, a total of 2,037 bills have been introduced or originated in the Legislature. By the time both chambers recessed on Cross-Over Day, 389 bills had made the journey. Since the Legislature has already completed action on several dozen of those, there are now only 294 active bills pending. Among those bills are Governor Justice s tax proposals, together with competing versions from both the Senate and the House. In other significant news, however, is the passage of a bill creating an Intermediate Court of Appeals in West Virginia. This legislation has been a priority of the Chamber of Comm ....

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W.Va. Legislature: Senate Calendar and Committee Schedule for Friday, April 2, 2021

W.Va. Legislature: Senate Calendar and Committee Schedule for Friday, April 2, 2021
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Hoping to spur development, group of ND legislators aims to launch 'crypto sandbox'

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
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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. Sh ....

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Hawaiian government invites crypto firms to augment its DCIL program

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. ....

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