TechFlow reported, according to Decrypt, that the state government of Hawaii has announced cryptocurrency companies will no longer need a Hawaii-issued money transmission license to operate within the state. These companies will be able to continue their transaction activities as unregulated entities.
However, such companies will remain responsible for complying with any applicable federal licensing or registration requirements, including those established by the Financial Crimes Enforcement Network, the Securities and Exchange Commission, and the Financial Industry Regulatory Authority, as well as related federal regulations concerning consumer protection, anti-money laundering measures, and more.
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