LINCOLN, Neb. — Mayor Leirion Gaylor Baird has introduced a new ordinance in Lincoln aimed at safeguarding older adults from cryptocurrency fraud. The proposal mandates businesses with cryptocurrency ATMs to display warnings about potential fraud risks.
“Some individuals are using cryptocurrency to attempt to defraud our seniors,” said Mayor Gaylor Baird.
She noted the proliferation of crypto ATMs, with 45,000 nationwide, including 200 in Nebraska and about 40 in Lincoln, as a growing concern for scams…