Hawaii is currently debating proposals put forth by a number of applicants looking to become ‘money transmitters’ or bitcoin exchanges, according to Iris Ikeda, the commissioner of financial institutions in Hawaii.
The Pacific Business News reports that the state’s Division of Financial Institutions ‘has strong reservations’ about bitcoin, a cryptocurrency that is currently illegal for tender in the island state.
Speaking to the PBN’s Kathleen Gallagher, Iris Ikeda, the Division’s commissioner said:
We are looking at it and have a number of applications, but one of the things slowing down the process is our concerns over the security of personal information.
The state commissioner of financial institutions added that the ‘money transmitter’ applicants seek to become bitcoin exchanges through the process.
https://www.cryptocoinsnews.com/hawaii-wary-of-bitcoin-legalization/
