It has become the fourth U.S. state, after Minnesota, Tennessee, and Indiana, to fully ban such devices over fraud concerns. According to CoinATMRadar, 57 crypto ATMs were operating in Hawaii. In 2025, the state received 826 cryptocurrency-related complaints, resulting in losses of $80 million. Nationwide, losses exceeded $11 billion. At the same time, other states, such as Arizona, are implementing partial bans. However, their effectiveness remains limited. Since the bill took effect in September 2025, the initiative has helped recover $171,300 for 35 victims. The funds were reimbursed by crypto ATM operators in cases of fraudulent transactions involving new customers.
News Regulation
Hawaii bans the use of crypto ATMs starting October 1
It has become the fourth U.S. state, after Minnesota, Tennessee, and Indiana, to fully ban such devices over fraud concerns. According to CoinATMRadar, 57 crypto ATMs were operating in Hawaii. In 2025...