Nebraska Introduces New Rules for Crypto ATMs

According to a March 12 press release from Nebraska Governor Jim Pillen, the new “Controllable Electronic Record Fraud Prevention Act” introduces stricter licensing and reporting requirements for crypto ATM operators.

Part of Legislative Bill 609, introduced by Senator Eliot Bostar on January 22, the law requires companies operating crypto ATMs to be licensed under Nebraska’s Money Transmitters Act and to obtain approval from the state’s Department of Banking and Finance before installation.

The legislation also imposes daily transaction limits, allowing new users to send up to $2,000 per day and existing customers up to $5,000. Transaction fees are regulated with a maximum cap of 18% per transaction.