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Lincoln introduces ordinance to require warning signs on cryptocurrency ATMs after police detail fraud losses
Summary
Council received an ordinance to require city-provided warning signs at cryptocurrency ATMs; proponents including police, AARP Nebraska and community banks urged adoption to protect older residents from scams. The ordinance was introduced and will be considered at a later council meeting.
City officials on Nov. 3 introduced an ordinance that would require businesses hosting cryptocurrency ATMs to post a city-provided warning sign about crypto-ATM scams and direct users to law enforcement if they suspect fraud.
Riley Slezak of the mayor's office described the measure as a consumer-protection step aimed at older adults, citing FBI data that adults 60 and older accounted for 67% of crypto-ATM fraud cases nationally in 2024. "We're 1 of 2 AARP age-friendly communities in…
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