Coinbase’s move to reenter Hawaii is reflective of a broader trend toward crypto regulatory clarity around the globe, Chief Policy Officer Faryar Shirzad told Blockworks. 

Now able to offer its services in all 50 states, Coinbase shifts its focus back to the European Union and the United Kingdom, Shirzad added.  

This isn’t Coinbase’s first foray into Hawaii. The company offered its products to the state’s residents years ago. But it left the state in 2017, after Hawaii — under its Money Transmitter License Regime — would have required Coinbase to maintain a fiat-equivalent balance for every crypto asset it held for clients.

“So essentially a two-for-one custody…

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