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Lincoln council approves rules for cryptocurrency ATMs, moves enforcement to 30 days after mayoral signage
Summary
After council debate about fraud targeting older residents, the council adopted an ordinance regulating cryptocurrency ATMs and penalties and amended the implementation timetable so requirements take effect 30 days after the mayor signs off on city signage.
The Lincoln City Council voted unanimously to adopt a new ordinance regulating cryptocurrency ATMs and establishing penalties and signage requirements, and it approved an amendment pushing the ordinance's enforceable start to 30 days after the mayor signs associated city signage.
Councilman Duda led the debate warning of local fraud tied to bitcoin kiosks, citing reported losses and the number of victims. "Cryptocurrency fraud…
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