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FollowingHawaii will ban cryptocurrency kiosks from accepting cash transactions
According to Bill 224 signed by Hawaii Governor Josh Green on July 9, it will be illegal to operate cryptocurrency kiosks in the state that accept customers 'cash starting October 1. The law adds a new clause to state consumer protection regulations that makes it illegal for operators to own, operate or manage kiosks in Hawaii that "accept customers in dollar cash in exchange for digital financial assets." Each illegal transaction is considered an independent violation.
However, the law does not directly shut down these machines. The text of the bill clearly states that "this article does not prohibit" operators from operating kiosks that accept one digital asset for another, nor does it prohibit kiosks that accept digital assets for U.S. dollar cash. Customers can still sell cryptocurrency at kiosks and exchange it for U.S. dollar cash, but they can no longer purchase cryptocurrency by depositing banknotes.
This difference reflects the original intention of the legislators. The commission report noted that these machines are "increasingly being used for scams against the elderly," with victims being induced to transfer cryptocurrency to wallet addresses controlled by fraudsters. The same report cited investigations by the attorneys general of Washington, D.C. and Iowa, which found that more than 93% of the kiosk transactions they reviewed were fraudulent transactions. Since consumers have other ways to obtain digital assets, the commission believes that a direct ban on purchases is entirely reasonable.
The FBI's Internet Crime Complaint Center received 92 Kios-related complaints from Hawaiian residents in 2025, with adjusted losses reaching $3.85 million, almost four times the amount of the previous year; the state received a total of 826 cryptocurrency-related complaints involving approximately $80 million. Hawaii Banking Commissioner Dwight Young told local media that these machines are favored by criminals because of their anonymity and untraceable nature, and that fraud usually begins with an unsolicited phone call, text message or email claiming that bank accounts have been stolen or missed a jury summons. Employees working near the kiosks told the state Department of Consumer Affairs that most of the people using the machines are elderly people, who often appear panicked or scared.
According to relevant statistics, there are about 57 cryptocurrency ATMs operating on four islands in Hawaii. Other states are taking similar actions: Texas lawmakers are considering a ban after residents lost $57 million to kiosk fraud; Delaware has also advanced legislation.
