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INDUSTRY

JUL 12, 2022

Gemini Announces Continued Participation in Hawaii’s Digital Currency Innovation Sandbox

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Today, we are excited to announce a two-year renewal of our participation in the Digital Currency Innovation Lab (DCIL), a program designed to provide regulated crypto access to Hawaii residents.

Although the original DCIL program was scheduled to end for all participants later this year, the Hawaii Division of Financial Institutions (DFI) and Hawaii Technology Development Corporation (HTDC) extended the program through 2024. Over the past two years, Gemini has served as a leading participant in the DCIL, and we are thrilled to continue providing seamless crypto access to customers in Hawaii.

The HTDC, in partnership with the Hawaii DFI, launched DCIL to create opportunities for economic development and position Hawaii as a leader in fintech innovation. The program aims to spur economic opportunity through early crypto adoption, offer consumer protection through guidance provided to crypto issuers, and gather data to shape crypto legislation.

With our participation in this program, Gemini continues to provide a safe and regulated onramp to the crypto ecosystem to customers in all 50 U.S. states.

We're encouraged by the response and enthusiasm we've seen from our customers in Hawaii and are grateful we can continue to serve them. Providing crypto access to our customers in Hawaii is a further step in our mission to unlock the next era of financial, creative, and personal freedom around the world.

Onward and Upward!

Team Gemini

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