THE BOSTON BLOCKCHAIN BEAT EP.16 | Hawaii Residents Finally Able To Use Coinbase?!

[Music] hello everyone my name is Lauren Wixom and welcome to another episode of the Boston blockchain beat where we share news of all things blockchain to the Boston community and Beyond this episode was brought to you by cubic Labs an incubator for Metro Boston's blockchain startup companies just a quick reminder that Boston blockchain week is right around the corner coming up in early September so if you haven't already be sure to visit our website at Boston blockchain we.com and register tickets will sell out and this is an event you don't want to miss so be sure to register now let's get with today's news Hawaii residents can now gain access to the coinbase platform including crypto sticking options following recent regulatory changes coinbase a centralized cryptocurrency exchange has announced the expansion of its services to Hawaii allowing residents to buy sell and manage their digital assets according to a press release shared with coin Telegraph the development follows substantial regulatory changes by Hawaii's Department of Commerce and consumer affairs division of financial institutions the press release states that Hawaiian residents can now access coinbase's platform and use its respective app to gain exposure to hundreds of cryptocurrencies the press release also stated that residents can transfer their assets internationally after years of expressing a strong interest in crypto on coinbase Hawaii has previously had restrictive regulations for crypto businesses making it difficult to operate crypto related services in the state the state's requirement that crypto exchanges maintain cash reserves equal to the value of digital assets held by customers effectively made it nearly impossible for crypto businesses to operate in the state so to all of my Hawaiian resident viewers out there if you have been wanting to invest in crypto on coinbase well now is your chance to do so and with that being said that is all the news I have for today folks again my name is Lauren Wixom and can't wait to see you all in the next episode of the Boston blockchain beat [Music]