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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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Embattled Agribusiness Corporation Has Powerful Friends


Embattled Agribusiness Corporation Has Powerful Friends - Honolulu Civil Beat
Lawmakers plan to vote next week on a measure to dissolve the Agribusiness Development Corp.
Reading time: 4 minutes.
With the future of a state agency in charge of transforming Hawaii’s old plantation lands into working farms in the balance, battle lines formed Friday between Gov. David Ige’s administration and big agricultural organizations on one side and lawmakers who say the agency has failed in its mission and should be dissolved on the other.
The hearing before the Hawaii House Agriculture Committee produced no result, as the committee voted to defer until Friday a bill that would dissolve the corporation. ....

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Hawaii introduces bill for new blockchain working group


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. ....

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Honolulu Mayor-Elect Blangiardi Announces Key Appointments


Honolulu Mayor-Elect Blangiardi Announces Key Appointments - Honolulu Civil Beat
They include Laura Thielen for Parks and Recreation and Dean Uchida for Planning and Permitting.
Reading time: 4 minutes.
Rick Blangiardi, who will be sworn in as the next mayor of the City and County of Honolulu Saturday, announced top leadership and Cabinet positions on Tuesday.
Danette Maruyama 
Michael Formby will serve as managing director (as was previously announced), Danette Maruyama will be deputy managing director and Andrew Kawano will be the director of Budget and Fiscal Services.
Formby previously worked as an acting state transportation director, Mayor Kirk Caldwell’s city transportation director, chief of staff to former Congresswoman Colleen Hanabusa, an interim director and member of the board of the Honolulu Authority for Rapid Transportation and an interim city councilman. ....

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