Bill > HB2003

This bill establishes regulations for digital financial asset transaction kiosks, which are machines that exchange U.S. currency for digital assets like Bitcoin. Operators of these kiosks will face daily and monthly transaction limits for individual customers, capped at $2,000 per day and $10,000 over thirty days. To combat fraud, operators must use blockchain analytics and tracing software to identify and block transactions to wallets linked to illicit activities, and they are prohibited from sending digital assets to wallets associated with overseas exchanges inaccessible in the U.S.; operators must also provide evidence of their blockchain analytics use to law enforcement upon request. Furthermore, operators must clearly disclose all terms and conditions, including charges and exchange rates, and prominently display a warning about potential scams, advising customers to stop transactions if someone they don't know instructs them to deposit money. The bill also mandates disclosures about the risks of digital financial assets, such as their lack of government backing and potential for significant value fluctuations, and requires operators to provide their contact information and relevant government agencies for reporting fraud. Customers will receive detailed receipts for each transaction, and under specific circumstances, including reporting fraud within ninety days and submitting a police report within one hundred twenty days, operators must issue a full refund for fraudulent transactions within seventy-two hours. Finally, operators must provide live customer service during specified hours and maintain a dedicated communication line for state and county law enforcement agencies to facilitate fraud investigations.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2003&year=2026