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Add as a preferred source on GoogleHawaii Law Takes Effect, Barring Cash-to-Crypto ATM Transactions
House Bill 1642 bars kiosk operators from accepting U.S. currency in exchange for digital assets statewide.
Hawaii’s new crypto-ATM law took effect Oct. 1, stopping kiosk operators from accepting U.S. currency in exchange for digital assets across the state.
The measure, House Bill 1642, targets the cash-to-crypto function of digital financial asset transaction kiosks.
Cash-to-crypto transactions at the kiosks are no longer allowed under the measure.
The law was approved by Hawaii Gov. Josh Green in July.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.