Hawaii's Cryptocurrency ATM Ban to Take Effect October 1

cryptonews.ruPublished on 2026-08-12Last updated on 2026-08-12

Abstract

Hawaii is set to become the fourth U.S. state to completely ban cryptocurrency kiosks and ATMs, with the prohibition taking effect on October 1. Governor Josh Green signed the bill into law in July after it passed the state House in May. The law prohibits the possession, operation, or control of any digital financial asset transaction kiosk that exchanges U.S. currency for digital assets. The legislation cites FBI data reporting over $11 billion lost by Americans to digital asset fraud in 2025, with 826 complaints from Hawaii residents resulting in approximately $80 million in losses linked to such transactions, including through ATMs and kiosks. Hawaii follows Minnesota, Tennessee, and Indiana, which enacted similar bans earlier in 2025. Other states like Delaware and New Jersey have proposed bans, while South Dakota and Wyoming have passed laws imposing strict restrictions. According to CoinATMRadar, four major Hawaiian islands hosted 57 crypto ATMs and kiosks as of mid-week. Operators must cease operations by October 1 to avoid potential fines and other penalties.

Hawaii will become the fourth U.S. state to fully ban cryptocurrency kiosks and ATMs after the governor signed the corresponding law.

After the Hawaii House of Representatives passed Bill 1642 in May, Governor Josh Green signed the bill into law in July. It prohibits in the state "owning, operating, or managing a digital financial asset kiosk that accepts United States currency from a customer in exchange for a digital financial asset."

The bill cited data from the Federal Bureau of Investigation's Internet Crime Complaint Center, which reported in April that Americans lost more than $11 billion in 2025 due to digital asset-related fraud. The bureau added that in 2025 it registered 826 complaints from Hawaii residents related to cryptocurrencies. The state's losses from digital asset transactions, including ATMs and kiosks, amounted to about $80 million.

Hawaii's law mirrors the provisions of Minnesota, Tennessee, and Indiana, which began implementing a complete ban on digital asset transaction kiosks in August, July, and March, respectively. Legislative bodies in other U.S. states have proposed bans that, as of August, had not been signed. These include Delaware and New Jersey. South Dakota and Wyoming have passed laws establishing strict restrictions on cryptocurrency ATM activities.

According to CoinATMRadar, there were cryptocurrency ATMs and kiosks operating on Hawaii's four major islands as of Wednesday. On topic: 57

Why Older Users Lose So Much Money to Cryptocurrency ATM Fraud Cryptocurrency ATM operators in Hawaii must cease kiosk operations by October, or face fines and other sanctions. Cryptocurrency ATM owners in Hawaii need to stop operating kiosks by October 1, or they may face fines and other sanctions.

end-content

Trending Cryptos

Related Questions

QWhat is the effective date of Hawaii's law that prohibits cryptocurrency ATMs and kiosks?

AThe law prohibiting cryptocurrency ATMs and kiosks in Hawaii goes into effect on October 1.

QWhy did Hawaii's legislature pass the law to ban cryptocurrency ATMs, according to the bill?

AAccording to the bill, the law was passed citing data from the FBI's Internet Crime Complaint Center, which reported that Americans lost over $11 billion due to digital asset-related fraud in 2025, with Hawaiians filing 826 related complaints and incurring losses of around $80 million.

QWhich other U.S. states have already enacted a complete ban on digital asset kiosks?

AMinnesota, Tennessee, and Indiana have already enacted complete bans on digital asset kiosks, which took effect in August, July, and March respectively.

QWhat will happen to cryptocurrency ATM operators in Hawaii if they do not cease operations by the deadline?

ACryptocurrency ATM operators in Hawaii who do not cease operations by October 1 will face fines and other penalties.

QAccording to CoinATMRadar, how many cryptocurrency ATMs and kiosks were operational on Hawaii's four main islands as of Wednesday (mentioned in the article)?

AThe text states that according to CoinATMRadar, there were cryptocurrency ATMs and kiosks operational on Hawaii's four main islands as of Wednesday. However, the specific number is incomplete in the provided text and appears as a fragment ('57' is mentioned but its context is unclear).

Related Reads

XRP Price Forecast Amid Accumulation by Large Holders

XRP Price Forecast Amid Rising Accumulation by Large Holders On August 12, XRP's price increased by 1.36% to $1.01, recovering after briefly dropping below the $1 support level the previous day. Data indicates that despite weak price momentum, activity from large holders (whales) and active addresses is growing. Santiment data shows a net increase of 32 wallets holding over 1 million XRP over three months, starting May 2026. This accumulation suggests a transfer of supply from weak to strong hands. While large investors bought, retail selling contributed to a 29% decline in XRP's market cap over the same period. Concurrently, the number of active XRP addresses surged 84% from August 1 to August 11. This network activity rise occurs ahead of an XRP Ledger update expected to boost DeFi usage and despite a low 22% probability of the CLARITY Act passing in 2026, creating a bullish divergence. Technically, XRP's drop below $1 on August 12 marked a 20-month low, with the RSI at 37 favoring bears. Further sell pressure could push the price down to the $0.85 Fibonacci level. However, analysts note XRP may be oversold after a 71% decline from July 2025. A strong uptrend would require overcoming resistance at the $1.20 Fibonacci level. Separately, the Coreum bridge connecting to the XRP Ledger was hacked for $200,000 worth of XRP, exploiting a deposit verification flaw. The Ripple community confirmed the XRP Ledger itself remains secure.

cryptonews.ru2h ago

XRP Price Forecast Amid Accumulation by Large Holders

cryptonews.ru2h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of S (S) are presented below.

活动图片