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What you need to know about investing in cryptocurrencies in HawaiiHawaii originally took the position that cryptocurrency companies were required to hold such a license to offer services to Hawaii residents. �It's true that Hawaii did NOT outlaw cryptocurrency transactions,� said Ikeda. �The guidance says that cryptocurrency transactions is covered. Cryptocurrency remains a �lab� experiment in Hawai'i, with 11 companies providing digital currency services in the state as part of the.