Today, bitcoin-based financial institution River Financial announced that it will participate in Hawaii’s Digital Currency Innovation Lab, a regulatory sandbox program developed by the state’s Division of Financial Institutions and the Hawaii Technology Development Corporation. This will make River one of the first companies in the space to legally serve residents of Hawaii.
“We are extremely excited to be one of the first Bitcoin businesses to legally operate in the great state of Hawaii,” Alex Leishman, River Co-Founder & CEO/CTO said in the press release below. “This is a huge regulatory milestone, and we look forward to working with Hawaii going forward to bring Bitcoin financial services to its residents.”
For more information, read the press release provided by River below:
River Financial Leads the Way by Bringing Bitcoin to Hawaii
River Financial is one of the first companies in the industry to legally serve residents in Hawaii as part of the State’s new regulatory sandbox program
(San Francisco, CA; August 19th) — Bitcoin financial institution River Financial will be one of the first companies in the industry to legally operate in the state of Hawaii. In partnership with the Hawaii Division of Financial Institutions (“DFI”), the Hawaii Technology Development Corporation (“HTDC”) has organized a regulatory sandbox program, the Digital Currency Innovation Lab (“DCIL”), to position the state at the forefront of innovation around digital assets.
River Co-Founder & COO Andrew Benson expressed, “We are incredibly excited to bring the best of Bitcoin to the residents of Hawaii, many of whom have long awaited this day. This program was made possible by the forward-thinking leadership of Iris Ikeda, the Hawaii Commissioner of Financial Institutions, and her department’s commitment to foster innovation within the state. I look forward to working with the Hawaii Division of Financial Institutions and…