Hawaii crypto ATM ban to take effect on Oct. 1
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Hawaii will enforce a complete ban on cryptocurrency ATMs and kiosks starting October 1, following the signing of House Bill 1642 by Governor Josh Green in July. The law prohibits the ownership, operation, or management of digital asset transaction kiosks that exchange U.S. currency for digital assets. This legislation comes after reported losses from crypto-related scams in the state.
Why it matters
The ban addresses concerns over significant financial losses tied to crypto scams, with data highlighting Hawaii residents’ vulnerability to such incidents. By prohibiting these kiosks, the state aims to prevent further consumer losses and fraud connected to digital asset transactions at physical points of sale.
Key context
The bill refers to Federal Bureau of Investigation data showing that Americans lost over $11 billion to digital asset scams in 2025. Hawaii reported 826 crypto-related complaints with around $80 million in losses attributed to digital assets including ATMs. Similar bans have recently been implemented in Minnesota, Tennessee, and Indiana, while other states have proposed or enacted regulatory restrictions on crypto kiosks.
Key numbers and entities
Governor Josh Green signed House Bill 1642 into law. The FBI Internet Crime Complaint Center noted over $11 billion in U.S. crypto scam losses in 2025, with Hawaii’s share being about $80 million from 826 complaints. CoinATMRadar data showed 57 crypto ATMs and kiosks operating on Hawaii’s four main islands before the ban.
What remains unclear
The source does not flag any open questions or uncertainties regarding the legislation or its immediate enforcement.