Second Moon 🌙 Reported Doing Gymnastics 🤸‍♀️ 53 Miles West Of Venus

"Hawaii’s new digital currency guidance is a landmark development for the Fintech industry. It not only clarifies the legal landscape for digital currency activities but also signals the state’s commitment to supporting innovation and financial inclusivity."

Yes, digital currency in Hawaii is being used as money. They have new protection laws and guidance protocols to ensure customer satisfaction among their population that sets the stage for the rest of the United States to do the same. There are nine guidelines that must be followed.

"Companies that provide digital currency services to the public may provide the following services without a money transmitter license:

1. Trading of digital currency or assets
NOTE: exchanges/platforms that provide U.S. dollars denominated stored value accounts that are used exclusively for facilitating the purchase or sale of digital currency on the platform do not require a money transmitter license. This activity includes importing U.S. dollars into the platform from the customer’s external bank account and returning U.S. dollars to the customer’s external bank account. Any other use of the U.S. dollars stored value accounts (such as enabling U.S. dollars payments between platform participants or parties external to the platform), may require a money transmitter license for that activity.
2. Providing hosted digital currency wallets or digital currency custodial services.
3. Any digital currency activities that represent investments (such as lending, staking, etc.). However, such activities may be subject to other licensing or registration requirements.
4. Issuing or redeeming stablecoins.
5. Issuing or redeeming proprietary tokens.
6. Facilitating the use of proprietary tokens within a proprietary platform.
7. Processing/facilitating digital currency payments within the blockchain environment.
8. Payment processing involving digital currency.
9. Transferring digital assets from one person to another."

About a week ago, we talked about a final rule that was completed in the expansion of broadband connectivity in small rural areas on the Federal Register. This has made this sandbox experiment possible through Fintech, and it looks like they are well on their way to mass adoption.

If you remember when we began our time together over three and a half years ago, Fintech was a big part of the conception of the new digital Financial System being placed in Iraq at the time.

Fintech and JP Morgan have come a long way since that time in creating digital workspaces inside Banks all over the world. Much of the groundwork has been done, we are well on our way to bringing in final touches to the laws that will guide administrative teams involved in implementing our new QFS..

© Goldilocks

https://angle.ankura.com/post/102jh6n/navigating-the-new-digital-currency-guidelines-in-hawaii-opportunities-for-finte

https://governor.hawaii.gov/newsroom/dbedt-news-release-state-publishes-hawaii-digital-economy-survey/

https://cca.hawaii.gov/dfi/dcil-faq-industry/