This amendment makes it illegal to own, run, or manage a machine in Hawaii that lets people trade cash for digital financial assets like cryptocurrency starting October 1, 2026.
Hawaii2026Enacted
HB1642
Ban on Cash-to-Crypto Kiosks
Last scannedAug 24, 2026, 11:30 PM
In one sentence
Starting October 1, 2026, this law makes it illegal to own, operate, or manage a machine in Hawaii that lets people trade cash for digital financial assets.
What it does
- Prohibits owning, operating, or managing kiosks that accept U.S. currency (cash) from customers in exchange for digital financial assets starting October 1, 2026.
- Allows kiosks to remain open if they only swap one type of digital asset for another different digital asset.
- Allows kiosks to remain open if they let customers trade a digital asset back into U.S. cash or credit card funds.
- Defines each illegal transaction as a separate offense under state law.
Who it affects
- People who own, operate, or manage digital financial asset kiosks in Hawaii.
Limits and unknowns
- The law does not ban machines that only swap one type of digital asset for another.
- The text states the effective date is October 1, 2026, but does not list specific penalties or fines in this excerpt.
Plain language
Terms to know
- Digital Financial Asset
- A digital form of value used for trading, saving, or counting that is not official government money. This does not include game currency or registered securities.
- Digital Financial Asset Transaction Kiosk
- An electronic machine capable of taking cash or credit cards to give digital assets, or giving out cash in exchange for digital assets.
Official record
Sources
Official summary
RELATING TO CONSUMER PROTECTION. Consumer Protection; Digital Financial Assets; Virtual Currencies; Kiosks; Prohibition; Purchases Beginning 10/1/2026, prohibits the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset. (CD1)
Official activity
Bill history
- Act 224, on 07/09/2026 (Gov. Msg. No. 1326).H
- Act 224, 07/09/2026 (Gov. Msg. No. 1326).S
- Received notice of passage on Final Reading in House (Hse. Com. No. 888).S
- Transmitted to Governor.H
- Received notice of Final Reading (Sen. Com. No. 816).H
- Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Matsumoto, Muraoka, Pierick voting no (7) and none excused (0).H
- Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.S
- 48 Hrs. Notice (as amended CD 1) 05-06-26S
- Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 105-26).S
- Forty-eight (48) hours notice Wednesday, 05-06-26.H
- Reported from Conference Committee (Conf Com. Rep. No. 105-26) as amended in (CD 1).H
- The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 5 Aye(s): Senator(s) Keohokalole, Rhoads, Moriwaki, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.S
- The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Tarnas, Yamashita; Ayes with reservations: none; 1 Noes: Representative(s) Pierick; and 0 Excused: none.H
- Conference committee meeting to reconvene on 04-29-26 2:30PM; CR 224.S
- Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.S
- Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.H
- Received notice of Senate conferees (Sen. Com. No. 725).H
- Senate Conferees Appointed: Keohokalole Chair; Rhoads, Moriwaki, Lamosao Co-Chairs; Awa.S
- Received notice of appointment of House conferees (Hse. Com. No. 786).S
- House Conferees Appointed: Matayoshi, Tarnas, Yamashita Co-Chairs; Pierick.H
Changes
Amendments
3 stored
This amendment makes it illegal to own, run, or manage a machine in Hawaii that lets people trade cash for digital financial assets like cryptocurrency starting October 1, 2026.
This amendment creates new rules for cryptocurrency kiosks in Hawaii to stop scams by limiting how much money people can use, requiring safety software, and forcing machines to show warning signs.