Bill > HB1277

This bill establishes regulations for digital financial asset transaction kiosks in Hawaii by imposing a daily maximum transaction limit of $1,000 per customer. The bill defines key terms, including "digital financial asset" as a digital representation of value used for exchange that is not legal tender, and explicitly excludes certain types of digital value like game rewards and registered securities. A "digital financial asset transaction kiosk" is defined as an electronic device capable of exchanging cash for digital financial assets, and an "operator" is the person who owns or manages such a kiosk. The legislation provides clear definitions to distinguish between various types of digital value and sets a strict limit on the amount of cash that can be exchanged through these kiosks in a single day, likely as a consumer protection measure to prevent potential fraud or money laundering. The bill is set to take effect on July 1, 3000, which appears to be a placeholder date typically used when the exact implementation date is still to be determined.

Business and Industry, Justice, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1277&year=2026