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HI HB1647
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Scot Matayoshi
Click for details
AI Summary
- Imposes a $500 civil penalty on hosts of digital financial asset transaction kiosks (cryptocurrency ATMs) when fraud is committed through kiosks located on their premises
- Requires hosts to supervise kiosk use to prevent fraud, creating a duty of care for business owners who allow these machines on their property
- Applies immediately to new hosting contracts entered after the Act's effective date, with existing contracts becoming subject to the law beginning July 1, 2027
- Responds to FBI data showing over 10,956 complaints and approximately $246.7 million in victim losses from kiosk scams in 2024, representing a 99% increase in complaints from 2023
- Defines "digital financial asset" as non-legal tender digital representations of value used as medium of exchange, excluding rewards programs, in-game currencies, and registered securities
Legislative Description
Relating To Consumer Protection.
Liability
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred.
2/5/2026
Committee Referrals
Consumer Protection & Commerce1/26/2026
Full Bill Text
No bill text available