Nebraska enacts new safeguards to fight crypto scams

Cryptocurrency kiosks – also known as crypto ATMs – are proliferating nationwide. You see them in convenience stores, gas stations, shopping centers, and other high-traffic locations. At last check, there were nearly 200 crypto ATMs in Nebraska alone.

While these machines offer a legitimate and convenient way to buy cryptocurrency, they are also a favored tool of scammers.

Consumer losses tied to scams using crypto ATMs increased nearly tenfold from 2020 to 2023, and topped $65 million in just the first half of 2024, according to the Federal Trade Commission. Older Americans are especially vul...