HB1642 HI enrolled

Relating To Consumer Protection.

Kiosks Purchases Consumer Protection Virtual Currencies Digital Financial Assets Prohibition privacy

Plain-English summary

1. **ONE-SENTENCE SUMMARY:** This bill prohibits businesses from owning or operating kiosks that allow customers to exchange U.S. currency for digital financial assets starting October 1, 2026.

2. **KEY REQUIREMENTS:**
   - Do not own, operate, or manage any digital financial asset transaction kiosks that accept U.S. currency for digital assets.

3. **DEADLINES:**
   - Effective Date: October 1, 2026.

4. **PENALTIES:**
   - The bill does not specify penalties, but violations could lead to enforcement actions by state regulators.

5. **SMB IMPACT:** Small businesses that currently operate digital asset kiosks will need to cease operations by the effective date to avoid potential enforcement actions. This could impact revenue streams for those relying on such services.

Source description

Beginning 10/1/2026, prohibits the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset. (CD1)

Not legal advice. Summaries are generated by AI from publicly available bill text and may contain errors or omissions. Always consult counsel before making compliance decisions.