Hawaii’s Division of Financial Institutions (DFI) historically required digital currency businesses to hold cash reserves equal to the aggregate face value of digital currency held for customers. For most exchanges, this "double reserve" requirement was a deal-breaker. However, the —a partnership between the DFI and the Hawaii Technology Development Corporation—opened a sandbox that allowed certain companies to operate without a money transmitter license. Platforms for Hawaii Residents Several platforms provide services to Hawaiian residents:
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This platform has maintained a presence and offers a trading interface. Known for security and regulatory compliance, Gemini is
Known for security and regulatory compliance, Gemini is a popular choice for those looking for a high level of oversight. Known for security and regulatory compliance
The "Golden Rule" of crypto is especially relevant: After purchasing Bitcoin, transfer it to a hardware wallet (like a Ledger or Trezor). This ensures assets remain under your control.