Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

The new legislation is designed to protect users of crypto kiosks and ATMs in the state by requiring licensing and introducing transaction and fee limits.

The governor of Nebraska, Jim Pillen, has signed legislation to protect against cryptocurrency fraud as crypto ATM crime skyrockets in the United States.

“Cryptocurrency is an important, emerging industry, and we’ve been working hard to build Nebraska into a cryptocurrency leader,” said Governor Pillen on March 12 following the signing of the bill. 

“An important part of these efforts is to make sure that we have guardrails to prevent criminals from taking advantage of Nebraskans,” he added.  

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