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Task force or study body Confirmed
Blockchain and Cryptocurrency Task Force · Concluded
- Created by: Act 70, SLH 2022 (S.B. 2695, CD1), approved June 17, 2022
- Organized by: Legislature (statute); placed within the Department of Commerce and Consumer Affairs (DCCA) for administrative purposes
- Led by: Two co-chairs by statute: one state senator (appointed by Senate President) and one state representative (appointed by House Speaker). Individual co-chair names not found in any source opened (source: Act 70 text).
- Members: 14 members per Act 70 text: 2 legislator co-chairs; director of finance, director of commerce and consumer affairs, and commissioner of financial institutions (or designees); governor appointees from crypto, blockchain payments, security and legal sectors plus one public member; speaker appointees (bank/financial institution; non-crypto blockchain company); Senate President appointees (crypto exchange; blockchain/crypto association); one University of Hawaii professor. (Early press said 15 members; the enacted Act lists 14.)
- Outputs and timeline: Act required a findings/recommendations report (with any proposed legislation) no later than 20 days before the 2024 regular session, after which the task force dissolves by its terms. No report was found in sources opened; whether the task force convened or filed is not confirmed.
Sources: Act 70 (2022) enrolled text, SB2695 CD1 (2022), Hawaii Tribune-Herald: governor signs bill (June 24, 2022; secondary)
Digital Currency Innovation Lab (DCIL) - regulatory sandbox (related program, not a task force) · Concluded
- Created by: Hawaii Division of Financial Institutions / DBEDT Technology Development Corporation pilot (creation instrument not verified)
- Organized by: Division of Financial Institutions (DCCA) with Technology Development Corporation
- Led by: Iris Ikeda, Commissioner of Financial Institutions, described as lab director (Hawaii Business Magazine, undated, approx. early 2023; secondary)
- Members: About 11 participating companies as of early 2023 (secondary)
- Outputs and timeline: Sandbox scheduled to close June 30, 2024 per Greenberg Traurig (Feb 2024); Hawaii Business (c. early 2023) said Dec. 30, 2024. Sources conflict; closure not confirmed.
Sources: Hawaii Business Magazine (secondary), Greenberg Traurig alert, Feb 2024 (secondary)
Task force entry confirmed from the Act itself (primary). Operational history (co-chairs, meetings, final report) could not be found; the sunset is statutory (report due before 2024 session). A 2022 resolution on the task force (HCR115/HR115) appeared in search results but was not opened.
Bitcoin or digital asset reserve law None found
No Hawaii bitcoin/digital-asset reserve or state-funds investment bill was identified in the sources reached. This item had not received a full follow-up search at the time of review.
Licensing Reported
On Jan. 25, 2024 the Division of Financial Institutions and Technology Development Corporation announced Hawaii would not apply its Money Transmitters Act (HRS ch. 489D) to cryptocurrency activity, so crypto firms no longer need a Hawaii money transmitter license; no separate virtual-currency license exists. Federal AML/securities rules still apply. Source is a law-firm summary; the agency announcement itself was not opened. Note: SB3185 (2026, introduced text) would have required kiosk operators to hold a money transmitter or virtual currency business license but its outcome is not shown.
Sources: Greenberg Traurig summary (Feb 2024), DFI 2023 Digital Currency License Guidance (seen in search results, not opened)
Crypto kiosks (ATMs) Confirmed
Act 224 (HB 1642, HD1 SD1 CD1), approved July 9, 2026 by Gov. Josh Green, prohibits owning, operating or managing a digital financial asset transaction kiosk that accepts U.S. currency in exchange for digital financial assets, beginning Oct. 1, 2026; cash-out of already-owned crypto is reported to remain allowed (secondary).
Sources: Governor's message GM1326 (Act 224, July 9, 2026), Conference Committee Report 105-26, Hawaii News Now, June 9, 2026 (secondary)
Other 2025 to 2026 actions
- 2026-07-09: Act 224 enacted (cash-to-crypto kiosk ban effective Oct. 1, 2026); see kiosks section. Enforcement details not found in sources opened.
- 2025: HB 1277 HD1 (2025) proposed a $1,000 per-day kiosk cap; its final status was not shown on the page opened (likely did not become law).
Sources: Governor's message (Act 224), HB1277 HD1 text
Source notes: Act 70 task force sunset (report due before 2024 session) has long passed; no co-chair names or report found. DCIL end date conflicts between sources (June 30 vs Dec. 30, 2024). Act 224 effective Oct. 1, 2026 has now passed; check for any litigation or enforcement. Licensing claim relies on a Feb 2024 law-firm summary.
Frequently asked
Does Hawaii have a crypto or blockchain task force?
Hawaii has had 1 such body: Blockchain and Cryptocurrency Task Force (concluded). Our confidence in this entry is Confirmed. The entry above lists who created it, who organized and leads it, and where the public records are.
Does Hawaii have a bitcoin or digital asset reserve law?
Our research shows the status as none found (confidence: None found). No Hawaii bitcoin/digital-asset reserve or state-funds investment bill was identified in the sources reached. This item had not received a full follow-up search at the time of review.
Does Hawaii regulate crypto kiosks (ATMs)?
Our research shows law (confidence: Confirmed). Act 224 (HB 1642, HD1 SD1 CD1), approved July 9, 2026 by Gov. Josh Green, prohibits owning, operating or managing a digital financial asset transaction kiosk that accepts U.S. currency in exchange for digital financial assets, beginning Oct. 1, 2026; cash-out of already-owned crypto is reported to remain allowed (secondary).
This page is part of our 50-state crypto legislation and task force tracker. Each entry is labeled Confirmed, Reported, Unclear or None found; see the tracker for how we research it.