Establishes a digital asset charter program to license and regulate digital asset companies in Hawaii.

This bill establishes a digital asset charter program to license, regulate, and oversee digital asset companies in Hawaii. It requires digital asset companies to obtain a charter from the commissioner of financial institutions. The bill outlines the application process, including background checks and financial requirements. It also mandates cybersecurity programs, anti-money laundering measures, and recordkeeping obligations for digital asset companies. The commissioner is authorized to investigate, examine, and enforce compliance with the provisions of this chapter.

Establishes a digital asset charter program to license and regulate digital asset companies in Hawaii.

This bill establishes a digital asset charter program to license, regulate, and oversee digital asset companies in Hawaii. It requires digital asset companies to obtain a charter from the commissioner of financial institutions. The bill outlines the application process, including background checks and financial requirements. It also mandates cybersecurity programs, anti-money laundering measures, and recordkeeping obligations for digital asset companies. The commissioner is authorized to investigate, examine, and enforce compliance with the provisions of this chapter.