Nebraska has enacted the Controllable Electronic Record Fraud Prevention Act, which regulates Bitcoin and crypto ATMs to protect consumers from scams. Signed into law by Governor Jim Pillen, the legislation aims to implement measures that include clear disclosures about potential fraud risks, ensuring operators provide customer refunds for reported scams within 90 days. Governor Pillen emphasized the importance of establishing regulations to foster a safe environment for cryptocurrency use, stating that Nebraska is striving to become a leader in the crypto industry. As fraud related to crypto ATMs rises, this legislation signifies a proactive approach to curb such activities and ensure consumer security in the cryptocurrency market. The state aims to encourage lawful operations while safeguarding its citizens from exploitation through enhanced regulatory oversight.

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