summary
Introduced
01/21/2026
01/21/2026
In Committee
01/26/2026
01/26/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Beginning 10/1/2026, prohibits digital financial asset transaction kiosks from allowing any two customers from conducting transactions with the same digital financial asset wallet address and requires operators to provide full refunds under certain circumstances.
AI Summary
This bill, effective October 1, 2026, aims to protect consumers using digital financial asset transaction kiosks, which are machines that exchange cash or credit for digital assets like cryptocurrencies. The bill prohibits operators of these kiosks from allowing two different customers to conduct transactions using the same digital financial asset wallet address, which is a unique identifier for a digital wallet used to send and receive digital assets. Furthermore, operators must provide a full refund to a customer for a digital financial asset transaction if it's their first such transaction, involves a digital wallet, and the customer reports it as fraudulent to both the kiosk operator and a government or law enforcement entity within sixty days, providing proof of the fraud.
Committee Categories
Business and Industry
Sponsors (10)
Greggor Ilagan (D)*,
Susan Keohokapu-Lee Loy (D)*,
Darius Kila (D)*,
Matthias Kusch (D)*,
Lisa Marten (D)*,
Scot Matayoshi (D)*,
Tyson Miyake (D)*,
Ikaika Olds (D)*,
Gregg Takayama (D)*,
David Tarnas (D)*,
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred. (on 02/05/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1560&year=2026 |
| HB1560_TESTIMONY_CPC_02-05-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB1560_TESTIMONY_CPC_02-05-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1560_.HTM |
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