HONOLULU – The Hawai‘i Technology Development Corporation (HTDC) is bringing back its annual Tech Job Fair after a two-year hiatus, through a local partnership with the Chamber of Commerce Hawai‘i and its “Hawai‘i is Hiring initiative”. In a brand-new virtual format, the event will take place on January 21, 2022, Friday, 9:00 a.m.- 2:00 p.m., […]
Ideas on how the right blend of collaboration, mentorship, infrastructure and information sharing can turn Hawai‘i into a more creative, innovative and prosperous place.
HONOLULU – The State of Hawai‘i’s Digital Currency Innovation Lab (DCIL) facilitates the first collaboration of its kind bringing together creatives and technologists to beautify communities through an initiative using non-fungible tokens (NFTs). Worldwide Walls Hawai‘i (formerly known as POW! WOW!, the Hawai‘i-based organization of global street art fame) is hosting its first NFT-based gallery […]
Hawaii Business Magazine
May 12, 2021
If you bought a single bitcoin for $1,000 in February 2017 and sold it four years later, you’d pocket around $50,000.
But, if you lived in Hawai‘i, you probably didn’t buy Bitcoin after February 2017. That month, the digital currency exchange Coinbase ceased operations in Hawai‘i, blaming over-regulation. Local residents were given 30 days to transfer or sell their digital currency and close their accounts.
Since then, digital currency exchanges have struggled to operate in Hawai‘i, but a pilot program started in 2020 opened the door for their return. The Digital Currency Innovation Lab, a joint project of the Hawai‘i Division of Financial Institutions and the Hawaii Technology Development Corp., is a novel approach to regulation. It’s a “regulatory sandbox,” with state regulators working closely with a select group of companies and gathering data to inform decisions about how to regulate the industry moving forward.