HONOLULU (HawaiiNewsNow) – Hawaiʻi Gov. Josh Green has until the end of the month to send his intent-to-veto list to lawmakers.
Among the legislation he is considering is a bill that would ban using cash to buy cryptocurrency at kiosks.
Supporters like AARP say losses from crypto scams in Hawaiʻi 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.
What HB 1642 would change
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…