Governor Nebraska signs Billa to regulate crippto ATMs, stating growing fraud

The Governor of Nebraska, Jim Penden, signed legislation to protect against cryptocurrency scams as Cripto ATM snapped in the United States.

“Criptocurrency is important, emerging industry and worked hard on the construction of Nebraska in the leader of cryptocurrency” said Governor Studen 12. March after the law signing.

“An important part of these efforts is to ensure the guardian to prevent criminals from taking advantage of the non-emphatic,” he added.

Bipartisan legislation determines the “controlled act for prevention for a beautiful record”, which is designed to help fight the fraud and protecting users crypto kiosks and ATMs.

According to the Federal Trade Commission, the victims lost over $ 65 million for a crypto ATM in the first half of 2024. Years. “BTMS (Bitcoin ATMs) losses are located, increasing almost ten times with 2020. To 2023. Years export In September.

Account, LB 609It was introduced 22. January Senator Eliot Bostar. It stipulates that crypto ATM and kioske operators must be licensed within the Non-Albanian transmitter act and registered and approved by the Banking and Finance Department. Operators must provide quarterly reports on bathrooms, names and data on transactions.

It also carries out the boundaries of $ 2,000 transactions a day for new users and $ 5,000 a day for existing customers, and fees cannot exceed 18% of the transaction value.

New customers who report fraud within 90 days can receive a full refund, including fees, while existing customers can return to fake transactions charges.

Kiosk Operators must also show warnings about fraud and appoint a compliance officer to apply the prevention of fraud prevention measures.

The US Network Cripto ATM has decreased more than 1,200 machines earlier this month after Illinois Senator Dick Durbin introduced similar legislation.

Related: Nebraska Bill searches for a fair game for crypto mining, ownership

“Nebraska opened for business in the cryptocurrency space,” said State Department of Kelly Slammers, who added, “those who target our citizens … using CRIPTO ATMs, as part of their transfer methods, we will soon have even more attention.”

As he supported Cripto, Nebraska has not yet joined the American countries proposed by legislation to establish strategic cryptic reserves, toward At the Bitcoin Reserve Monitor.

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