{"id":17566,"date":"2025-03-13T11:47:02","date_gmt":"2025-03-13T11:47:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17566"},"modified":"2025-03-13T11:47:02","modified_gmt":"2025-03-13T11:47:02","slug":"nebraska-governor-jim-pillen-signs-legislation-to-combat-crypto-atm-fraud-amid-rising-crime","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17566","title":{"rendered":"Nebraska Governor Jim Pillen Signs Legislation To Combat Crypto ATM Fraud Amid Rising Crime"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Nebraska Governor Jim Pillen has officially signed a new law <\/span><span data-preserver-spaces=\"true\">aimed at protecting<\/span><span data-preserver-spaces=\"true\"> the <\/span><span data-preserver-spaces=\"true\">state\u2019s<\/span><span data-preserver-spaces=\"true\"> residents from cryptocurrency-related fraud, especially as crimes involving crypto ATMs continue to surge across the United States. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The legislation, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/governor.nebraska.gov\/gov-pillen-signs-bill-creating-protections-cryptocurrency-fraud\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">signed on March 12<\/span><\/a><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">is a direct response<\/span><span data-preserver-spaces=\"true\"> to the rising incidents of fraud connected to crypto kiosks and ATMs, a problem that has grown significantly in recent years.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">New Law Aims to Protect Users of Crypto Kiosks and ATMs<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The new law, known as the<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Controllable Electronic Record Fraud Prevention Act,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">seeks to curb fraud and protect users of crypto kiosks and ATMs. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cC<\/span><span data-preserver-spaces=\"true\">ryptocurrency is an important, emerging industry, and <\/span><span data-preserver-spaces=\"true\">we\u2019ve<\/span><span data-preserver-spaces=\"true\"> been working hard to build Nebraska into a cryptocurrency leader,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Governor Pillen remarked after the <\/span><span data-preserver-spaces=\"true\">bill\u2019s<\/span><span data-preserver-spaces=\"true\"> signing. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cA<\/span><span data-preserver-spaces=\"true\">n important part of these efforts is to <\/span><span data-preserver-spaces=\"true\">make sure<\/span><span data-preserver-spaces=\"true\"> that we have guardrails to prevent criminals from taking advantage of Nebraskans,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">he added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Federal Trade Commission has reported alarming statistics, with victims losing over $65 million to crypto ATM fraud in the first half of 2024 alone. <\/span><span data-preserver-spaces=\"true\">Fraud at Bitcoin ATMs (BTMs) has seen a nearly tenfold increase from 2020 to 2023<\/span><span data-preserver-spaces=\"true\">, according to the <\/span><span data-preserver-spaces=\"true\">Commission\u2019s<\/span><span data-preserver-spaces=\"true\"> September report<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Introduced by Senator Eliot Bostar, the <\/span><span data-preserver-spaces=\"true\">bill,<\/span><span data-preserver-spaces=\"true\"> LB 609<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">mandates that crypto ATM and kiosk operators be licensed under <\/span><span data-preserver-spaces=\"true\">Nebraska\u2019s<\/span><span data-preserver-spaces=\"true\"> Money Transmitters Act and <\/span><span data-preserver-spaces=\"true\">be<\/span><span data-preserver-spaces=\"true\"> approved<\/span><span data-preserver-spaces=\"true\"> by the Department of Banking and Finance.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cryptocurrency is an emerging industry, and we\u2019ve been working hard to build Nebraska into a crypto leader. We want everyone to know that we\u2019re open for business \u2013 and that we\u2019re doing it the right way. <a href=\"https:\/\/twitter.com\/NebraskaDBF?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@NebraskaDBF<\/a> <a href=\"https:\/\/twitter.com\/TeamPillen?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@TeamPillen<\/a> <a href=\"https:\/\/t.co\/2b0YtzG8xL\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/2b0YtzG8xL<\/a><\/p>\n<p>\u2014 Governor Jim Pillen (@TeamPillen) <a href=\"https:\/\/twitter.com\/TeamPillen\/status\/1899855953282895995?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The law <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> requires operators to submit quarterly reports on kiosk locations and transaction data. To further protect consumers, it imposes transaction limits of $2,000 per day for new users and $5,000 for established customers, while fees cannot exceed 18% of the transaction value.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The legislation also includes a provision for new customers to receive a full refund, including fees, if fraud is reported within 90 <\/span><span data-preserver-spaces=\"true\">days,<\/span><span data-preserver-spaces=\"true\"> while <\/span><span data-preserver-spaces=\"true\">existing customers can be refunded<\/span><span data-preserver-spaces=\"true\"> for <\/span><span data-preserver-spaces=\"true\">fees<\/span><span data-preserver-spaces=\"true\"> tied to fraudulent transactions. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, crypto kiosks must display fraud warnings and appoint a compliance officer to enforce anti-fraud measures.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Nebraska Positions Itself as a Growing Hub for the Cryptocurrency Industry<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Nebraska is positioning itself as a supportive hub for the cryptocurrency industry. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cT<\/span><span data-preserver-spaces=\"true\">hose who target our citizens using crypto ATMs as part of their transfer method, we will soon have a team that will be watching even more closely,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">the <\/span><span data-preserver-spaces=\"true\">state\u2019s<\/span><span data-preserver-spaces=\"true\"> Department of Banking Director Kelly Lammers said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While Nebraska continues to promote cryptocurrency, it has not yet joined the ranks of 21 U.S. states actively working on establishing strategic crypto reserves.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In January, North Dakota legislators <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/north-dakota-lawmakers-propose-bill-to-cap-crypto-atm-transactions-to-prevent-scams\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">deliberated House Bill 1447<\/span><\/a><span data-preserver-spaces=\"true\">, a newly introduced measure\u00a0<\/span><span data-preserver-spaces=\"true\">aimed at reducing<\/span><span data-preserver-spaces=\"true\">\u00a0crypto ATM-related scams by imposing transaction limits and implementing stricter consumer protections.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bill proposes capping daily withdrawals at $1,000, limiting fees to $5 or 3% of the transaction amount (whichever is higher), and requiring fraud warning notices on all crypto ATMs.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Nebraska\u2019s<\/span><span data-preserver-spaces=\"true\"> new law aims to protect residents from rising cryptocurrency ATM fraud by introducing stricter regulations for operators.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The legislation imposes transaction limits and mandates refunds for fraud, along with fraud warnings and compliance officers at crypto kiosks.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Nebraska is positioning itself as a cryptocurrency-friendly state while taking steps to prevent fraud and protect consumers.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/nebraska-governor-jim-pillen-signs-legislation-to-combat-crypto-atm-fraud-amid-rising-crime\/\">Nebraska Governor Jim Pillen Signs Legislation To Combat Crypto ATM Fraud Amid Rising Crime<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nebraska Governor Jim Pillen has officially signed a new law aimed at protecting the state\u2019s residents from cryptocurrency-related fraud, especially as crimes involving crypto ATMs continue to surge across the United States. The legislation, signed on March 12, is a direct response to the rising incidents of fraud connected to crypto kiosks and ATMs, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17566","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17566"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17566\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}