Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses (news.bitcoin.com)

The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act.
Also read: Coinbase

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New York Reportedly Readies Bitcoin Licenses for Coinbase and Ripple Labs

Coinbase and Ripple Labs Inc. are close to receiving bitcoin licenses to offer their virtual currency services in New York State, according to Reuters. Both companies have provided applications to the state’s Department of Financial Services (NYSDFS), according to a notice on the department’s website. The notices usually post following completion of the paperwork, according […]

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