tl;dr
The Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) announced the conclusion of the Digital Currency Innovation Lab (DCIL) on June 30. As a result, cryptocurrency firms no longer need a Money Transmitter License (MTL) to operate in the state starting July ...
Hawaii's Division of Financial Institutions (DFI) has concluded the Digital Currency Innovation Lab (DCIL) research project, leading to changes in crypto regulation in the state. As a result, cryptocurrency firms no longer need a Money Transmitter License (MTL) to operate in Hawaii, starting July 1.
The DCIL found that the activities of crypto-related companies did not align with the concept of money transmission as stated in Chapter 489D of the Hawai’i Revised Statutes. While the Hawaii-issued MTL is no longer required, crypto firms must comply with applicable federal regulatory requirements, including those from FinCEN, SEC, and the Financial Industry Regulatory Authority.
Hawaii authorities issued a warning about crypto scams, urging investors to remain vigilant. The Kaua‘i Police Department also warned about an ongoing crypto scam where scammers impersonate law enforcement officers to extort victims, providing guidelines to prevent such scams and urging investors to be careful and inform themselves before paying.
The conclusion of the DCIL marks a milestone in shaping the understanding of the crypto industry and reflects a commitment to balancing innovation and regulatory responsibility, with a focus on safeguarding the interests of consumers and the broader financial system.
Bitcoin (BTC) is trading at $62,804 in the five-day chart.
More about Masco Corporation
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Masco Corporation
Masco Corporation is a manufacturer of products for the home improvement and new home construction markets.
Sector: Manufacturing
Industry: Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Market Cap: 14.68B
Stock Price: $16.34
Change: $1.15 ( 4.08%)
52-Week Range: $35.37
EPS: 0.116
Revenue: 7.91B
PE Ratio: 80.85
Dividend Yield: 0.078
Beta: -0.027
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