Hawaii SB3185 regulates digital asset kiosks to protect consumers and ensure transparency.

Hawaii SB3185, known as the Digital Asset Kiosk Consumer Access and Protection Act, aims to regulate digital asset kiosks to safeguard consumers and ensure transparent transactions. The bill mandates that operators of digital asset kiosks must hold a valid money transmitter license or virtual currency business license. It requires operators to prominently display transaction fees, exchange rates, and a fraud warning before any transaction. Operators must also provide consumers with a receipt detailing the transaction specifics.

Hawaii SB3185 regulates digital asset kiosks to protect consumers and ensure transparency.

Hawaii SB3185, known as the Digital Asset Kiosk Consumer Access and Protection Act, aims to regulate digital asset kiosks to safeguard consumers and ensure transparent transactions. The bill mandates that operators of digital asset kiosks must hold a valid money transmitter license or virtual currency business license. It requires operators to prominently display transaction fees, exchange rates, and a fraud warning before any transaction. Operators must also provide consumers with a receipt detailing the transaction specifics.