HOUSE OF REPRESENTATIVES
H.B. NO.
1277
THIRTY-THIRD LEGISLATURE, 2025
H.D. 1
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO DIGITAL FINANCIAL ASSET.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 481B, Hawaii Revised Statutes, is amended by adding a new section to part I to be appropriately designated and to read as follows:
"[Underlined: §481B- ] [Underlined: Digital financial asset transaction kiosks; daily cap.] [Underlined: (a) An operator shall accept or dispense no more than $1,000 per day from or to a single customer through a digital financial asset transaction kiosk.]
[Underlined: (b) As used in this section:]
[Underlined: "Cash" means physical United States currency, both coins and paper currency.]
[Underlined: "Digital financial asset" means a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, regardless of whether denominated in legal tender. "Digital financial asset" does not include:]
[Underlined: (1)] [Underlined: A transaction in which a merchant grants, as part of an affinity or rewards program, value that cannot be taken from or exchanged with the merchant for legal tender, bank or credit union credit, or a digital financial asset;]
[Underlined: (2)] [Underlined: A digital representation of value issued by or on behalf of a publisher and used solely within an online game, game platform, or family of games sold by the same publisher or offered on the same game platform; or]
[Underlined: (3)] [Underlined: A security registered with or exempt from registration with the United States Securities and Exchange Commission or a security qualified with or exempt from qualifications with the department of commerce and consumer affairs.]
[Underlined: "Digital financial asset transaction kiosk" means an electronic information processing device that is capable of accepting or dispensing cash in exchange for a digital financial asset.]
[Underlined: "Operator" means a person who owns, operates, or manages a digital financial asset transaction kiosk located in the State.]"
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 3000.
Report Title:
Digital Financial Asset Transaction Kiosk; Daily Maximum; Cryptocurrency
Description:
Imposes a daily maximum of $1,000 on transactions through a digital financial asset transaction kiosk. Effective 7/1/3000. (HD1)
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