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Hawaii Hints It May Relax Onerous Rule to Lure Crypto Firms

Hawaiian regulators have launched a digital currency sandbox that waives the state’s infamous double-reserve requirement for participating crypto firms.

Updated Sep 14, 2021, 8:20 a.m. Published Mar 18, 2020, 8:36 p.m.
Hawaii's double-reserve requirement may be on its way out after three years of burdening crypto exchanges. (Credit: Shutterstock)
Hawaii's double-reserve requirement may be on its way out after three years of burdening crypto exchanges. (Credit: Shutterstock)