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Hawaiian Bill Would Let Banks Act as Crypto Custodians

Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.

Hawaii's bill would green-light banks as crypto custodians. But it doesn't solve the double-reserve problem that pushed Coinbase out in 2017. Credit: Shutterstock
Hawaii's bill would green-light banks as crypto custodians. But it doesn't solve the double-reserve problem that pushed Coinbase out in 2017. Credit: Shutterstock