Home » Others » Coinbase Returns to Hawaii After 7 Years as State Eases Crypto Regulations

Coinbase Returns to Hawaii After 7 Years as State Eases Crypto Regulations

14.08.2024 23:00 1 min. read Kosta Gushterov
SHARE: SHARES
Coinbase Returns to Hawaii After 7 Years as State Eases Crypto Regulations

Coinbase, the largest publicly traded crypto exchange in the US, has reestablished its presence in Hawaii after a seven-year hiatus.

This return is due to recent changes in state regulations that have simplified operations for crypto companies.

The state’s updated rules removed the Money Transmitter License (MTL) requirement, which previously presented a significant obstacle.

The regulatory change is part of the Digital Currency Innovation Lab (DCIL) project, launched in 2020 to explore the potential of digital currencies in Hawaii. The goal of these changes is to foster a more conducive environment for digital asset businesses.

Coinbase’s return follows Robinhood’s expansion into Hawaii in July, which also increased local access to digital financial services. Since Coinbase’s return, Hawaii residents can tap into a variety of services, including trading, streaming, and advanced trading tools.

The move has positively impacted Coinbase’s share price, signaling robust investor confidence.

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

Telegram

SHARE: SHARES
More Others News
Previous News CaretDown
Coinbase Reveals Plans for Another Memecoin Listing

Coinbase is expanding its cryptocurrency offerings by introducing new digital assets to its trading platform.

Coinbase Revives Plans for Tokenized Securities in the U.S.

Coinbase is once again setting its sights on tokenized securities, aiming to integrate traditional financial assets with blockchain technology in the U.S. market.

Coinbase Scores an Important Partial Victory Against the SEC in Court

Coinbase has scored a partial victory in its legal battle against the US Securities and Exchange Commission (SEC), potentially gaining access to important documents related to the agency's classification of tokens as securities.

Coinbase Scores Legal Win as Court Criticizes SEC Handling

The Third Circuit Court of Appeals has ruled partially in favor of Coinbase in its legal challenge against the Securities and Exchange Commission (SEC), calling the agency’s rejection of Coinbase’s 2022 rulemaking petition “arbitrary and capricious.”

Coinbase SEC Case Heads for Key Decision on Crypto’s Legal Future

The legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is set to take a pause, following a pattern seen in other high-profile crypto cases, including Binance's.

Coinbase Secures Approval to Relaunch Crypto Services in India

After a prolonged absence from the Indian market due to regulatory concerns, Coinbase has secured authorization from India’s financial regulator to resume its services in the country.

Coinbase Secures Deribit in $2.9B Deal, Becomes Crypto Derivatives Powerhouse

Coinbase has officially closed its acquisition of Deribit, cementing its position as the world’s largest crypto derivatives platform by both open interest and options trading activity.

Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts

Coinbase is making moves to expand its crypto derivatives offerings by filing with the US Commodity Futures Trading Commission (CFTC) to introduce futures contracts for XRP.

Coinbase Seeks Court Order for SEC Documents Amid Ongoing Lawsuit

Coinbase is pushing for a court order to compel the SEC to release crucial documents related to its litigation against the crypto exchange.

Coinbase Seeks Court Ruling to Clarify Crypto Trading Regulations

Coinbase has taken its legal battle with the SEC to the U.S. Court of Appeals, seeking a clear ruling on whether cryptocurrency trades in secondary markets qualify as securities.

Coinbase Shares Rise After JPMorgan Boosts Rating to Overweight

JPMorgan has raised its rating on Coinbase, shifting the crypto exchange from “neutral” to “overweight” and increasing its price target to $404.

Coinbase Stock Rockets Over $300 Amid Renewed Optimism for Crypto Industry

Coinbase shares soared over 20% on November 11, breaking the $300 mark for the first time since 2021.

Coinbase Stock Struggles Amid Crypto Volatility and Insider Selling

The past several weeks have underscored how closely the fortunes of cryptocurrency markets and related equities remain linked.

Coinbase Stock Under Pressure Ahead of Earnings Outlook

Cryptocurrency’s rapid rise from a niche experiment to a global asset class has created a new frontier for equity investors.

Coinbase Strengthens DeFi Push With Opyn Leadership Acquisition

Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.

Coinbase Strengthens UK Presence with FCA Approval

Coinbase has secured a major regulatory win in the UK, receiving approval from the Financial Conduct Authority (FCA) for its Virtual Asset Service Provider (VASP) license.

Coinbase Strikes a Nerve With Darkly Humorous “Everything Is Fine” Campaign

In a crypto marketing landscape dominated by tech buzzwords and lofty promises, Coinbase’s new campaign “Everything Is Fine” breaks the mold.

Coinbase Subpoenaed by CFTC for Customer Data Linked to Polymarket

Coinbase is under investigation by the Commodity Futures Trading Commission (CFTC), which has issued a subpoena for customer data related to Polymarket, a prediction platform built on blockchain technology.

Coinbase Sued for $1 Billion Over Recent Delisting

Bit Global, the newly appointed custodian for WBTC following its partnership with Justin Sun, has filed a $1 billion lawsuit against Coinbase after the exchange announced it would delist the token.

Coinbase Surges 43% in June, Tops S&P 500 After Regulatory Wins and Partnerships

Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.

No Comments yet!

Your Email address will not be published.