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• XRP
• 2022/05/11 (Wed) 08:07
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Supplemental, I heard that exchanges that operate outside the DCIL program or do not have a Hawaii money transmitter license may be subject to
cease and desist orders, fines and penalties or reported to the Attorney General.

• LH
• 2022/05/11 (Wed) 12:50
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• Delete

Thanks for sharing.
Am I correct in my understanding that as long as you live in Hawaii, you will no longer be able to hold an exchange account ？?

• XRP
• 2022/05/11 (Wed) 15:36
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According to the DCIL program, exchange services will end by June 30, 2022.

From July 1, 2022 through December 31, 2022.

List of participating companies below

bitFlyer

BlockFi

ErisX

Apex Crypto

Gemini

Cex.io

Cloud Nalu

Flexa

Coinme

Novi

River Financial

Providence Technologies Inc

SoFi

Uphold

BitStop

• Ape
• 2022/05/11 (Wed) 23:19
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Topic XRP

Thanks for sharing the information.
I have a few questions.
It's a great time to buy as it's blowing up right now ？
If I buy it, I have to move it to my wallet by 12/31.
or sell it all on 12/31 ？ ！ does that mean ？
after moving to wallet, can I sell it even if I live in Hawaii ？
when it goes up a few years later ？ do I have to not be in Hawaii to sell? ？

I don't see crypto.com on the list of #4.
Is it not eligible and can I still trade even if I live in Hawaii ？

I would be very happy if you could tell me when you have time.
Please let me know.

• XRP
• 2022/05/12 (Thu) 01:19
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#3 LH
＞ Am I correct in my understanding that as long as you are a Hawaii resident, you will no longer be able to hold an Exchange account ？
Yes, you are correct.
I have also submitted a letter of protest from the Reddit community to the Hawaii State Legislature, all to no avail.
The 15 exchanges currently participating in the DCIL program will completely close on December 31, 2022.
I have already received an email from the exchanges, which states that they will be closed on December 31, 2022, and that they will be closed on December 31, 2022.
I intend to move temporarily to another state.
I am still getting virtual currency from airdrops and moving is the only option.

The legislator has stated that exchanges outside of the DCIL program were originally unlicensed and illegal in the state of Hawaii and will be penalized.

• XRP
• 2022/05/12 (Thu) 04:25
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I am posting this topic because
many in the Japanese community do not even know that crypto asset trading was a 2 year trial program,
and it would be too dangerous to buy in after
the daily selloff without knowing that all 6 crypto asset bills have been rejected.
I wrote this because it is too risky.
I have already received airdrops in SGB, SOLO, and EXFI on the XRP airdrop.
Spark tokens will only be airdropped on exchanges that received the December 12, 2020 snapshot.
SparkTalk is scheduled to be distributed over a 34 month period and
BTC sold out at its highest price, but we are still holding 12 altcoins and
some altcoins cannot be transferred to our cold wallet,
we have no choice but to move to another state We have come to the conclusion that we have no choice but to move to another state.
The last bill, 2108, was defeated and Hawaii's crypto assets died.
The folks at the Digital Currency Innovation Lab are also disappointed.
There is no hope at all for the future.

That means no NFT artists either.

• XRP
• 2022/05/12 (Thu) 18:04
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#5 Ape

＞ Right now is the perfect time to buy as it is blowing up ？
＞ If you buy, you have to move it to your wallet by 12/31. Or sell everything on 12/31 ？ ！ I guess that means ？

I don't think this big drop is a buy, but the Fed's big rate hike was factored in,
with UST's 98% crash, a stable coin that has become worthless This is a huge blow to the crypto asset industry.
Buying under these circumstances will not allow you to make gains before the end of the year. Therefore, we have no choice but to move them to a cold wallet.

＞ After moving to a wallet, when it goes up in a few years, can I sell ？
＞ even if I live in Hawaii ？ or do I have to not live in Hawaii when selling ？

I don't know about that. I can't say until the Hawaii State Legislature passes the bill again.

＞ I don't see crypto.com on the #4 list
＞ Is it not eligible and can I still trade if I live in Hawaii ？

Ape, do you have a Crypto.com account? ？
Crypto.com is unauthorized in the state of Hawaii.
Legislators are debating in the legislature to penalize unlicensed exchanges.
It is wise to move them elsewhere as soon as possible. It will be closed and inaccessible without notice.

The Reddit community is also of the opinion that unlicensed exchanges are out of the question.
Exchanges that failed to participate in the DCIL trial program were left out in the cold for two years.

Hawaii passed the strictest custody bill of the 50 states.
"The Hawaii FSA must hold cash reserves equivalent to the digital currency denominated funds it holds for its customers."
In 2017, Coinbase was not approved and abruptly withdrew from the state of Hawaii.
Remaining customers suddenly had no access.
Those who were optimistic or unable to gather information were unable to even send money.

Those with accounts on unauthorized exchanges need to move to cold wallets to sell as soon as possible, or
it will be the second coming of Coinbase.