The governor’s office of Hawaii revealed its new ‘Digital Currency Innovation Lab’ on March 17 — a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC).
The initiative will run for two years, and will allow “digital currency issuers to do business in Hawaii without obtaining a state money transmitter license during the effective period of the pilot program.”