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HI HB1277

Bill

Official Source

Status

Engrossed

3/4/2025

Primary Sponsor

Jenna Takenouchi

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Establishes a $1,000 daily maximum per customer for transactions through digital financial asset transaction kiosks in Hawaii
  • Defines "digital financial asset" as a digital representation of value used as a medium of exchange, unit of account, or store of value that is not legal tender
  • Excludes from the definition: merchant rewards programs that cannot be exchanged for legal tender, in-game digital assets, and securities registered with the SEC or under Hawaii law
  • Defines "operator" as any person who owns, operates, or manages a digital financial asset transaction kiosk in the State
  • Effective date is July 1, 3000

Legislative Description

Relating To Digital Financial Asset.

Cryptocurrency

Last Action

Referred to LBT, CPN.

3/6/2025

Committee Referrals

Labor and Technology3/6/2025
Judiciary & Hawaiian Affairs2/11/2025
Consumer Protection & Commerce1/27/2025

Full Bill Text

No bill text available