In brief
- From October 1 it becomes an unlawful practice in Hawaii to operate a kiosk that accepts U.S. currency in exchange for a digital asset.
- Kiosks may still hand out cash for crypto, or swap one digital asset for another.
- Investigations by the attorneys general of Washington, DC and Iowa found more than 93% of transactions at the kiosks they examined were scams.
Hawaii will make it unlawful to run a crypto kiosk that takes cash from customers starting October 1, under a measure Governor Josh Green signed on July 9 as Act 224.
The law adds a section to the state’s consumer protection statute making it an unlawful practice for an operator to own, operate or manage a kiosk in Hawaii that “accepts United States currency from a customer…
