Governor Jim Pillen has signed a new law to combat cryptocurrency fraud and protect users of cryptocurrency kiosks. LB609 into law is bipartisan, law-enforcement-supported legislation that establishes the Controllable Electronic Record Fraud Prevention Act.
“Cryptocurrency is an important, emerging industry, and we’ve been working hard to build Nebraska into a cryptocurrency leader,” Pillen says. “An important part of these efforts is to make sure that we have guardrails to prevent criminals from taking advantage of Nebraskans. We look forward to continuing to lay the groundwork for a safe and robust crypto industry in our state.
Nebraska Department of Banking Director Kelly Lammers says Nebraska is open for business in the cryptocurrency space. “That also means we need to increase transparency to assure those doing legal business in the State of Nebraska that you are absolutely welcome,” Lammers says.
“Of course, those that target our citizens, that look to exploit Nebraskans and their financial resources, using Crypto ATMs as part of their transfer method, we will soon have a team that will be watching even more closely.”