HB1642 • 2026

RELATING TO CONSUMER PROTECTION.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: MATAYOSHI, EVSLIN, ILAGAN, MARTEN, OLDS, TAKAYAMA, TARNAS
Last action: 2026-05-07
Official status: Transmitted to Governor.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

RELATING TO CONSUMER PROTECTION.

What This Bill Does

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)

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

CD1

Hawaii published version CD1

Plain English: HB1642 CD1 HOUSE OF REPRESENTATIVES H.B.

HB1642 CD1 HOUSE OF REPRESENTATIVES H.B.
NO.
1642 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

HD1

Hawaii published version HD1

Plain English: HB1642 HD1 HOUSE OF REPRESENTATIVES H.B.

HB1642 HD1 HOUSE OF REPRESENTATIVES H.B.
NO.
1642 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO CONSUMER PROTECTION .

SD1

Hawaii published version SD1

Plain English: HB1642 SD1 HOUSE OF REPRESENTATIVES H.B.

HB1642 SD1 HOUSE OF REPRESENTATIVES H.B.
NO.
1642 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

Bill History

2026-05-08 S
Received notice of passage on Final Reading in House (Hse. Com. No. 888).
2026-05-07 H
Transmitted to Governor.
2026-05-06 H
Received notice of Final Reading (Sen. Com. No. 816).
2026-05-06 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).
2026-05-06 S
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
2026-05-01 S
48 Hrs. Notice (as amended CD 1) 05-06-26
2026-05-01 S
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 105-26).
2026-05-01 H
Forty-eight (48) hours notice Wednesday, 05-06-26.
2026-05-01 H
Reported from Conference Committee (Conf Com. Rep. No. 105-26) as amended in (CD 1).
2026-04-29 S
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.
2026-04-29 H
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.
2026-04-28 S
Conference committee meeting to reconvene on 04-29-26 2:30PM; CR 224.
2026-04-27 S
Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.
2026-04-24 H
Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.
2026-04-23 H
Received notice of Senate conferees (Sen. Com. No. 725).
2026-04-22 S
Senate Conferees Appointed: Keohokalole Chair; Rhoads, Moriwaki, Lamosao Co-Chairs; Awa.
2026-04-20 S
Received notice of appointment of House conferees (Hse. Com. No. 786).
2026-04-20 H
House Conferees Appointed: Matayoshi, Tarnas, Yamashita Co-Chairs; Pierick.
2026-04-20 H
Re-referred to CPC, JHA, FIN, referral sheet 30
2026-04-17 S
Received notice of disagreement (Hse. Com. No. 780).
2026-04-16 H
House disagrees with Senate amendment (s).
2026-04-14 H
Returned from Senate (Sen. Com. No. 594) in amended form (SD 1).
2026-04-14 S
Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2026-04-10 S
One Day Notice 04-14-26.
2026-04-10 S
Reported from JDC/WAM (Stand. Com. Rep. No. 3788) with recommendation of passage on Third Reading.
2026-04-08 S
The committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-04-08 S
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-04-06 S
The committee(s) on JDC/WAM will hold a public decision making on 04-08-26 10:15AM; Conference Room 211 & Videoconference.
2026-03-30 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC/WAM.
2026-03-30 S
Reported from CPN (Stand. Com. Rep. No. 3319) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC/WAM.
2026-03-24 S
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-03-18 S
The committee(s) on CPN deferred the measure until 03-24-26 9:45AM; Conference Room 229 & Videoconference.
2026-03-13 S
The committee(s) on CPN has scheduled a public hearing on 03-18-26 9:30AM; Conference Room 229 & Videoconference.
2026-03-10 S
Referred to CPN, JDC/WAM.
2026-03-10 S
Passed First Reading.
2026-03-10 S
Received from House (Hse. Com. No. 146).
2026-03-06 H
Passed Third Reading with none voting aye with reservations; Representative(s) Alcos, Garcia, Matsumoto, Muraoka, Pierick, Shimizu voting no (6) and Representative(s) Perruso, Quinlan, Sayama excused (3). Transmitted to Senate.
2026-03-06 H
Reported from JHA (Stand. Com. Rep. No. 992-26), recommending passage on Third Reading.
2026-03-03 H
The committee on JHA recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 8 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Kahaloa, Sayama, Takayama; Ayes with reservations: Representative(s) Shimizu; 1 Noes: Representative(s) Garcia; and 1 Excused: Representative(s) Cochran.
2026-02-27 H
Bill scheduled to be heard by JHA on Tuesday, 03-03-26 2:00PM in House conference room 325 VIA VIDEOCONFERENCE.
2026-02-12 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JHA with none voting aye with reservations; Representative(s) Garcia, Pierick voting no (2) and none excused (0).
2026-02-12 H
Reported from CPC (Stand. Com. Rep. No. 236-26) as amended in HD 1, recommending passage on Second Reading and referral to JHA.
2026-02-05 H
The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Kong, Lowen, Marten, Tam; Ayes with reservations: none; 1 Noes: Representative(s) Pierick; and 1 Excused: Representative(s) Iwamoto.
2026-02-03 H
Bill scheduled to be heard by CPC on Thursday, 02-05-26 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2026-01-26 H
Referred to CPC, JHA, referral sheet 1
2026-01-21 H
Introduced and Pass First Reading.
2026-01-20 H
Prefiled.

Official Summary Text

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)

Current Bill Text

Read the full stored bill text

HB1642

HOUSE OF REPRESENTATIVES

H.B. NO.

1642

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to consumer protection
.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION
1.
�
The legislature finds that digital
financial asset transaction kiosks pose a significant risk to the financial
security of the residents of the State.
�
Digital
financial asset transaction kiosks - also known as cryptocurrency Automated
Teller Machines (ATMs) � enable a customer to buy and sell digital financial
assets from a wallet or exchange.
�
After
providing the digital financial asset transaction kiosk with identification,
which can range from a phone number to a scan of a government-issued ID, the
customer enters the address of the wallet that will receive the purchased
digital financial asset.
�
The address
could be the customer's own wallet or that of a third party.
�
Finally, the customer inserts cash or a debit
or credit card into the machine to finalize the purchase of the digital
financial asset.

����
The
legislature further finds that due to their ease of use, digital financial
asset transaction kiosks are increasingly being used to facilitate scam
payments.
�
Typically, criminals target
older individuals through unsolicited calls, posing as the government, bank, or
the customer service representative of a company.
�
Once contact is made, the scammer provides
detailed instructions to the prospective victim, including how to withdraw cash
from the victim's bank, locate the kiosk, circumvent a kiosk's safeguards, and
deposit and send funds using the kiosk to the wallet the scammer controls.
�
After providing the instructions, the scammer
stays in constant contact with the prospective victim until the payment is
completed.

����
The
legislature also finds that after the scams are complete, victims face
significant barriers to recovering their losses.
�
First, once the transactions are complete,
scammers quickly route funds to offshore platforms, which makes it very
difficult to recover from the scammers.
�

Second, the operators have consistently argued that, while the cash may
be in the machine, the victim's money has already been transferred to the
scammer, and the operator is unable to assist the victim in recovering the
money.

����
The
legislature finds that the proliferation of digital financial asset transaction
kiosks and their increased use to facilitate scam payments has led to Americans
losing millions of dollars.
�
In 2024, the
Federal Bureau of Investigation's Internet Crime Complaint Center received more
than 10,956 complaints reporting the use of kiosks, with reported victim losses
of approximately $246,700,000.
�
That
represents a ninety-nine per cent increase in the number of complaints and
thirty-one per cent increase in reported victim losses from 2023.
�
In the first six months of 2025, Americans
lost around $240,000,000 in kiosk scams, a rate that is twice as high as in
2024.

����
Accordingly,
the purpose of this Act is to prohibit the use of a digital financial asset
transaction kiosk
that accepts or
dispenses United States currency by means of credit card or cash in exchange
for a digital financial asset
.

����
SECTION
2.
�
Chapter 481B, Hawaii Revised
Statutes, is amended by adding a new section to part I to be appropriately
designated and to read as follows:

����
"
�481B-
�
Digital financial asset transaction
kiosks; prohibition on deposits.
�
(a)
�

Beginning October 1, 2026, it shall be an unlawful practice under this
chapter for an operator to own, operate, or manage in the State a digital
financial asset transaction kiosk that accepts United States currency from a customer
in exchange for a digital financial asset.

����
(b)
�

Nothing in this section shall prohibit an operator from owning, operating,
or managing in the State a digital financial asset transaction kiosk that:

����
(1)
�
Accepts a digital financial asset from a customer
in exchange for a different digital financial asset; or

����
(2)
�
Accepts a digital financial asset from a customer
in exchange for United States currency.

����
(c)
�

Each transaction in violation of subsection (a) shall be a separate
offense.

����
(d)
�

As used in this section:

����
"Cash" means physical United
States currency, both coins and paper currency.

����
"Digital
financial asset" means a digital representation of value that is used as a
medium of exchange, unit of account, or store of value, and that is not legal
tender, regardless of whether denominated in legal tender.
�
"Digital financial asset" does not
include:

����
(1)
�
A transaction in which a merchant grants,
as part of an affinity or rewards program, value that cannot be taken from or
exchanged with the merchant for legal tender, bank or credit union credit, or a
digital financial asset;

����
(2)
�
A digital representation of value issued by
or on behalf of a publisher and used solely within an online game, game
platform, or family of games sold by the same publisher or offered on the same
game platform; or

����
(3)
�
A security registered with or exempt from
registration with the United States Securities and Exchange Commission or a
security registered or exempt from registration under chapter 485A.

����
"Digital
financial asset transaction kiosk" means an electronic information
processing device that is capable of accepting or dispensing United States
currency by means of credit card or cash in exchange for a digital financial
asset.

����
"Operator"
means a person who owns, operates, or manages a digital financial asset
transaction kiosk located in the State.
"

����
SECTION 3.
�
New statutory material is underscored.

����
SECTION 4.
�
This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

Report Title:

Consumer
Protection; Digital Financial Assets; Virtual Currencies; Kiosks; Prohibition

Description:

Beginning
10/1/2026, prohibits the use of a digital financial asset transaction kiosk
that accepts or dispenses United States
currency by means of credit card or cash in exchange for a digital financial
asset
.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.