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Lincoln mayor plans ordinance to require warnings on crypto ATMs

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Sinopsis

Nebraska’s capital city may soon have a new requirement for the owners of cryptocurrency ATMs. Lincoln Mayor Leirion Gaylor Baird announced Thursday she will be proposing an ordinance that would require crypto or Bitcoin ATM owners to post a sign warning users of scam risks associated with the machine. According to data from the Lincoln Police Department, the number of local fraud cases involving cryptocurrency has more than doubled since its categorization began in 2021.