Hawaii
Bitcoin States
Hawaii underwent a significant pro-Bitcoin shift in 2022 when it ended its controversial Digital Currency Innovation Lab (DCIL) — a sandbox that had restricted Bitcoin exchanges — and began developing a new framework to license cryptocurrency businesses. In 2024, Hawaii passed HB 1750 to formally regulate digital asset service providers, replacing the restrictive licensing approach that had previously driven companies like Coinbase and Gemini to stop serving Hawaiian residents. The new framework aims to balance consumer protection with market access.
Details
- State
- Hawaii
- Status
- emerging
- Capital
- Honolulu
- Country
- USA
- Notable
- Reformed from restrictive DCIL sandbox that banned major exchanges; new DASP licensing framework (2024)
- Income Tax
- Yes
- Legislation
- HB 1750 digital asset licensing (2024); ended DCIL sandbox (2022)
- Abbreviation
- HI
- Population Millions
- 1.4
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- low
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