Hawaiian Government Proposes Bill for Banks to Act as Crypto Custodians

Hawaii New Bill Suggests Banks to Act as Cryptocurrency Custodians

Hawaii, the US state, has taken a major step to strengthen the position of cryptocurrencies as the government has proposed a bill allowing banks to work as cryptocurrencies custodians for the investors. The highly anticipated bill, if passed, will authorize the Hawaiian banking institutions to hold, manage, and deal with virtual assets.