RE: Banks in Hawaii Could Hold Bitcoin & Cryptocurrency for Customers ?

If this bill passes, Hawaiian banks could hold BTC & crypto for customers:

If This Bipartisan Bill Passes, Banks in Hawaii Could Hold Bitcoin (BTC) and Cryptocurrency for Customers

Hawaiian lawmakers have introduced a bipartisan bill that would allow banks to hold cryptocurrencies.

Introduced on January 17th and sponsored by five state senators, the bill defines all digital assets as “intangible personal property” and categorizes cryptocurrencies by three different categories: assets, securities and digital currencies. Under the proposal, banks could hold all three, maintaining cash reserves for all digital assets in their possession.

Full article here:

Fletch Master Asked on January 24, 2020 in Cryptocurrency.
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1 Answers

Although the banks’ days are numbered, while they’re here they’re going to have to adapt and get with the times.

Master Answered on January 24, 2020.
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