Hawaii payments and fintech laws

What it would do: Requires digital financial asset transaction kiosk operators to impose daily and monthly transaction limits, use fraud detection software, provide specific disclosures and warnings, issue refunds for fraudulent transactions within 72 hours, and maintain customer service and law enforcement communication lines.

What it would do: Establishes a digital asset charter program requiring companies engaging in digital asset business activities to obtain a charter from Hawaii's Division of Financial Institutions, with application fees of $9,000, annual renewal fees of $1,000, and quarterly transaction-based assessments.

What it would do: Establishes gift card fraud prevention requirements for merchants and third-party resellers, including secure packaging, employee training, and transaction record-keeping; extends minimum redemption period for paper gift certificates from two to four years; creates criminal penalties for fraudulent gift card use.

What it would do: Expands permissible investments for money transmitters to include receivables from payment processors for debit or credit card transactions. Modifies tangible net worth requirements to reference total assets instead of tangible assets and restructures the fee structure by separating application and initial license fees.

What it would do: Requires operators of digital financial asset transaction kiosks in Hawaii to limit transactions to no more than $1,000 per day per customer for exchanging cash and digital financial assets.

What it would do: Requires the Department of Commerce and Consumer Affairs' Division of Financial Institutions to collaborate with the Hawaii Technology Development Corporation to conduct a two-year study on establishing a state-level regulatory framework for digital assets and stablecoins, with a report due to the legislature by twenty days before the 2029 regular session.

What it would do: Prohibits operators of digital financial asset transaction kiosks in Hawaii from allowing multiple customers to use the same wallet address, effective October 1, 2026. Requires kiosk operators to offer full refunds for first-time transactions within 60 days if customers report fraud to law enforcement.

What it would do: Authorizes Hawaii banks and credit unions to provide digital asset custody, staking, and transaction services in fiduciary or non-fiduciary capacities, subject to one-to-one reserve requirements, quarterly independent audits, cybersecurity standards, and commissioner oversight and enforcement authority.

What it would do: Creates the Digital Asset Kiosk Consumer Access and Protection Act requiring operators to hold money transmitter or virtual currency licenses beginning 2026, submit annual reports, display consumer disclosures and fraud warnings, implement transaction limits of $3,000 per day for new consumers, provide receipts, maintain records, and cooperate with law enforcement.

What it would do: Prohibits merchants with annual gross income exceeding $500,000 from imposing credit card or convenience fees, and limits such fees to 2% or actual cost for smaller merchants. Requires clear disclosure and prohibits surcharges on debit card transactions.

What it would do: Prohibits businesses from requiring cash-only payment for transactions of $25 or more within Hawaii, requiring instead that consumers be allowed to pay with credit or debit cards. Permits businesses to impose a convenience fee not exceeding the service fee charged by the card processor.

What it would do: Amends Chapter 489D, Hawaii Revised Statutes, to clarify that its money transmission regulatory framework applies to digital currency companies and activity, making such companies subject to state regulation rather than operating as unregulated businesses.