Hawaii may allow crypto companies to continue trading activities as unregulated businesses

According to Decrypt, the Hawaii state government has announced that cryptocurrency companies will no longer need a currency transfer license issued by Hawaii to conduct business within the state. These companies will be able to continue their trading activities as unregulated entities.However, these companies will be 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 relevant federal regulatory requirements related to consumer protection, anti-money laundering measures, and other related requirements.