{"id":1110,"date":"2026-06-09T07:34:39","date_gmt":"2026-06-09T07:34:39","guid":{"rendered":"https:\/\/hawaiimovinginsider.com\/?p=1110"},"modified":"2026-06-09T07:34:39","modified_gmt":"2026-06-09T07:34:39","slug":"bill-banning-cash-crypto-purchases-at-kiosks-awaits-governors-decision","status":"publish","type":"post","link":"https:\/\/hawaiimovinginsider.com\/?p=1110","title":{"rendered":"Bill banning cash crypto purchases at kiosks awaits governor\u2019s decision"},"content":{"rendered":"
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HONOLULU (HawaiiNewsNow) – Hawai\u02bbi Gov. Josh Green has until the end of the month to send his intent-to-veto list to lawmakers. <\/p>\n

Read more Judge reduces bail for Puna man charged in fatal Pahoa crash<\/a><\/p>\n

Among the legislation he is considering is a bill that would ban using cash to buy cryptocurrency at kiosks.<\/p>\n

Supporters like AARP say losses from crypto scams in Hawai\u02bbi reached into the millions of dollars and are likely underreported. Opponents say the numbers are exaggerated and are lobbying for a veto, saying the legislation hurts low-income residents of all ages and small businesses.<\/p>\n

What HB 1642 would change<\/h1>\n

House Bill 1642, passed by the Legislature, prohibits consumers from using cash to buy cryptocurrency at kiosks while still allowing consumers to cash out cryptocurrency they already own.<\/p>\n

<\/div>\n

State Rep. Scot Matayoshi said it protects kupuna from scammers.<\/p>\n

\u201cThe benefit to those very few people who would rather pay cash for crypto rather than buying it on their phone, buying it on their computer, things that were not banning doesn\u2019t outweigh the massive amount of scam and illicit activity going through these crypto kiosks,\u201d said Matayoshi, chair of the House Consumer Protection and Commerce Committee.<\/p>\n

Matayoshi, an attorney, said he saw first-hand how scammers can sound convincing. He almost fell for a crypto scam when a person claimed he missed a court date.<\/p>\n

\u201cThey sent me to a crypto kiosk at a Safeway to try to pay them the $1,000 fine that they were threatening arrest on,\u201d he said.<\/p>\n

Comparing kiosks to \u2018getaway car\u2019<\/h1>\n

Craig Gima, AARP communications director, said kiosks are being used as tools for fraud.<\/p>\n

\u201cThey\u2019re being used like the getaway car in a bank robbery. The fraudsters will steal money, convince consumers they need to take money out of their bank, and then they need a way to collect it,\u201d Gima said.<\/p>\n

Read more First Alert Forecast:Trade showers and then a gradual slow down in the winds<\/a><\/p>\n

AARP says the legislation would save the state money, citing Hawai\u02bbi crypto scams reported to the FBI.<\/p>\n

In 2024, the losses were just under $1 million. In 2025, they jumped to $3.85 million.<\/p>\n

<\/div>\n

Operator: Bill could shut down Hawai\u02bbi business<\/h1>\n

Hilt Ventures says it is the largest cryptocurrency ATM operator in Hawai\u02bbi with 21 out of 59 kiosks in various convenience stores. <\/p>\n

Owner\/operator Chip Meyers said if the legislation becomes law, the Hawai\u02bbi side of his business would shut down.<\/p>\n

\u201cThis is going to hurt lower-income, middle-class people who are unbanked and underbanked who don\u2019t have access to financial services outside of these kiosks, who cannot go online, who can\u2019t get good credit,\u201d Meyers said.<\/p>\n

Meyers said in one year, there have been five scams totaling $5,000 affecting his company and Hilt Ventures returned the fees to the customers. He said guardrails are already in place for those 55 years and older.<\/p>\n

<\/div>\n

\u201cA lot of misinformation, hysteria has been used and we\u2019re just trying to get the facts out at this point,\u201d Meyers said.<\/p>\n

In a statement, the governor\u2019s office said he \u201cwill carefully review this bill and other legislation enrolled to him. Decisions relating to these bills will be released at the appropriate time.\u201d<\/p>\n

Read more 3 juveniles charged in Mililani robbery case tied to deadly shooting<\/a><\/p>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gov. Josh Green is weighing a bill to ban cash crypto purchases at kiosks; supporters cite fraud losses while operators warn it could hurt access.<\/p>\n","protected":false},"author":1,"featured_media":1109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBill banning cash crypto purchases at kiosks awaits governor\u2019s decision - Hawaii Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hawaiimovinginsider.com\/?p=1110\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bill banning cash crypto purchases at kiosks awaits governor\u2019s decision - Hawaii Moving Insider\" \/>\n<meta property=\"og:description\" content=\"Gov. 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