Hawaii Recommends Passing Bill For ‘Educated’ Blockchain Regulation
Two Hawaii politicians have submitted a bill calling for a dedicated Blockchain research group and “an educated and measured approach” to regulation. Blockchain to ‘Benefit Local Businesses and Residents’ in Hawaii. House Bill 1481, sponsored by democrats Chris Lee and Mark Nakashima, is currently awaiting approval by state legislators after submission January 25. State committee members considering it have already suggested it should be passed, subject to certain amendments which have yet to be made clear. The two advocates wish to expand the use of Blockchain technology in the state to....
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Hawaii is giving crypto regulation a serious focus now. Around the world, the drive for crypto regulation continues to take shape as more governments seek to establish regulatory frameworks for digital assets. Hawaii could be the latest state to do so, as a senate committee has recommended the formation of a task group to regulate […]
Hawaii, the 50th and most recent state to join the United States of America, is jumping on the blockchain train with the announcement of a legislative bill that’s aimed at exploring the technology. House Bill 1481, which was filed on January 25, has been created to help form a team of people to consider the best ways that the use of blockchain can help to boost Hawaii’s tourism and technology. The bill is being sponsored by Democratic Reps Chris Lee and Mark Nakashima. According to the authors of the bill, they state that: “The legislative finds that leading industries and governments are....
The task force will submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors. Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem.In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela Cruz and Roz Baker wrote in support of creating a “Blockchain and....
Legislators in Hawaii are pushing for the creation of a working group dedicated to blockchain technology. If passed, House Bill 1481, first filed on 25th January, would lead to the creation of a group dedicated to researching "the uses of and best practices regarding blockchain technology". The bill is sponsored by Democratic Reps Chris Lee and Mark Nakashima. The bill's authors wrote: "The legislature finds that highly innovative technologies such as blockchain require an educated and measured approach so that regulations do not stymie innovation and growth in this....
Introduced in Hawaii's House of Representatives on Monday, Jan. 25, the bill calls for the formation of a blockchain working group led by the state's economic development agency. A new partisan bill introduced by Democrats in Hawaii's House of Representatives on Monday, Jan. 26, is advocating a targeted strategy for studying and supporting the use of blockchain technology by individuals, firms and state agencies.Hawaii House Bill 622 (HB622) calls for the passage of an act that would require the state's economic development agency, the Hawaii technology development corporation, to create a....