Democratic representatives Mark Nakashima and Chris Lee from Hawaii have sponsored a bill in hopes of creating a friendly environment for Bitcoin and blockchain technology in the island state. The proposed legislation encourages using these technologies to benefit the local region’s tourism.“Digital currencies such as Bitcoin have broad benefits for Hawaii,” explains House Bill 1481. “A large portion of Hawaii’s tourism market comes from Asia where the use of Bitcoin as a virtual currency is expanding. Hawaii has the unique opportunity to explore the use of blockchain technology to make it easier for visitors to consume local goods and services and to drive the tourism economy.”
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