Do cryptocurrency exchanges have to comply with Hawaii's money transmitter law?
Are cryptocurrency exchanges required to adhere to Hawaii's money transmitter laws? It's a pertinent question given the increasing popularity and usage of digital currencies. It's essential to understand if these platforms must follow the same regulations as traditional financial institutions, especially when it comes to transmitting funds. Does Hawaii's money transmitter law encompass cryptocurrency exchanges, or are they exempt from these requirements? It's a matter worth exploring to ensure compliance and protect consumers in the digital currency space.