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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ' $scripts_for_layout = '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ' $scripts_for_layout = '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Nebraska Facebook Page" title="Image of AARP Nebraska Facebook Page" data-href="https://www.facebook.com/AARPNE" data-tabs="timeline" width="" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true"> <blockquote cite="https://www.facebook.com/AARPNE" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPNE">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Lincoln</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:NEAARP@aarp.org" target="_blank" rel="noopener">NEAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/nebraska/" target="_blank" rel="noopener">AARP Nebraska</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/we-want-to-hear-from-you-heres-how-to-reach-us/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-LINCOLN-NE" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPNE" target="_blank" rel="noopener" aria-label="Open Facebook"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/facebook.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpNE" target="_blank" rel="noopener" aria-label="Open Twitter"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/twitter.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Nebraska Facebook Page" title="Image of AARP Nebraska Facebook Page" data-href="https://www.facebook.com/AARPNE" data-tabs="timeline" width="" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true"> <blockquote cite="https://www.facebook.com/AARPNE" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPNE">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Lincoln</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:NEAARP@aarp.org" target="_blank" rel="noopener">NEAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/nebraska/" target="_blank" rel="noopener">AARP Nebraska</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/we-want-to-hear-from-you-heres-how-to-reach-us/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-LINCOLN-NE" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPNE" target="_blank" rel="noopener" aria-label="Open Facebook"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/facebook.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpNE" target="_blank" rel="noopener" aria-label="Open Twitter"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/twitter.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Nebraska Facebook Page" title="Image of AARP Nebraska Facebook Page" data-href="https://www.facebook.com/AARPNE" data-tabs="timeline" width="" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true"> <blockquote cite="https://www.facebook.com/AARPNE" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPNE">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Lincoln</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:NEAARP@aarp.org" target="_blank" rel="noopener">NEAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/nebraska/" target="_blank" rel="noopener">AARP Nebraska</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/we-want-to-hear-from-you-heres-how-to-reach-us/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-LINCOLN-NE" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPNE" target="_blank" rel="noopener" aria-label="Open Facebook"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/facebook.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpNE" target="_blank" rel="noopener" aria-label="Open Twitter"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/twitter.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; 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The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.
LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.
AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.
“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.
In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.
Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.
AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit https://nebraskalegislature.gov/bills/.
Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. Share your experience.
For fraud-prevention resources, visit the AARP Fraud Watch NetworkTM.
This story is provided by AARP Nebraska. Visit the AARP Nebraska page for more news, events, and programs affecting retirement, health care, and more.
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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; } .RichTextArticleBody .Enhancement { margin: 40px 0; } .RichTextArticleBody .Enhancement .Enhancement-item img { width: auto; max-width: 100% !important; height: auto; } @media (min-width: 768px) { .RichTextArticleBody .Enhancement .Enhancement-item .Figure[data-alignment=left], .RichTextArticleBody .Enhancement[data-align-left] .Enhancement-item > * { float: left; max-width: 340px !important; margin: 0 20px 20px 0; } .RichTextArticleBody .Enhancement .Enhancement-item .Figure[data-alignment=right], .RichTextArticleBody .Enhancement[data-align-right] .Enhancement-item > * { float: right; max-width: 340px !important; margin: 0 0 20px 20px; } } :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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--pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</h1></header> <div class="posted-on"> Posted on 01/30/25 by <b>Jess Kinser</b> </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/60/d4/5850928d4ec880a476a69cf36229/gettyimages-1718515501.jpg" alt="Cryptocurrency Illustration" width="8567" height="4500"/> </figure> </div> </div><p>The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT, aimed at safeguarding residents against the escalating threat of scams involving cryptocurrency kiosks and gift cards.<br><br>LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as digital currency ATMs. The proposed requirements include the licensing of state operators, imposing daily transaction limits, issuing fraud warning notices, providing transactional information receipts, and capping fees.<br><br>AARP Nebraska is advocating for these important consumer protections that will deter criminals from leveraging cryptocurrency kiosks. This legislation aims to protect older Nebraskans from losing their hard-earned money, often their life savings, to these intricate scams.<br><br>“Cryptocurrency kiosks are relatively new and remain largely unregulated at the state level compared to traditional financial institutions. This lack of regulation has unfortunately allowed criminals to exploit these machines for theft,” stated Jina Ragland, AARP Nebraska’s Associate State Director of Advocacy and Outreach.<br><br>In 2023 alone, the FBI received over 5,500 complaints involving cryptocurrency kiosks, with reported losses amounting to over $189 million. Alarmingly, more than 65% of these losses were incurred by individuals aged 60 and above. Overall, the FBI reported $5.6 billion in crypto-fraud losses in the same year.<br><br>Nebraskans themselves reported 239 digital currency scam complaints in 2023, totaling approximately $14.6 million in losses. It is believed that actual losses may be even higher, as many victims hesitate to report scams.<br><br>AARP Nebraska is joined by a broad range of bill supporters set to testify in favor of LB609 including Nebraska’s Consumer Protections Deputy with the Attorney General’s Office, the Better Business Bureau of the Midwest Plains, the Nebraska Sheriff’s Association, the Lincoln Police Department, and consumers offering personal testimony, among others. To learn more about LB609, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://nebraskalegislature.gov/bills/" target="_blank" rel="noopener noreferrer">https://nebraskalegislature.gov/bills/</a></span></span>.<br><br>Share your travails in order to fight fraud. AARP Nebraska would like to hear from individuals targeted by gift card, cryptocurrency, and other scams. <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://aarpmarketing.iad1.qualtrics.com/jfe/form/SV_8pp5UCS0FUgyOqO" target="_blank" rel="noopener noreferrer"><b>Share your experience.</b></a></span></span><br><br>For fraud-prevention resources, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/fraudwatch" target="_blank" rel="noopener noreferrer"><b>AARP Fraud Watch Network<sup>TM</sup></b></a></span></span>. </p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Nebraska. Visit the <a href="https://states.aarp.org/region/nebraska/" target="_blank">AARP Nebraska</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://npmcdn.com/flickity@2/dist/flickity.pkgd.min.js"></script> <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.d703996ba6a992470f9f7fa2170736df.gz.js"></script> <link class="Webpack-css" rel="stylesheet" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.2cef3303b65f09149a6db29044f033cb.gz.css"> <!-- <script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> --> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; 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} [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/lincoln-ne/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Lincoln</h2> <h2 class="hidden-lg">AARP Events for Lincoln</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/carfit-virtual-workshop-lets-talk-vehicle-safety-and-comfort-mpnftrjmmqj.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-CARFIT-VIRTUAL-WORKSHOP-LETS-TALK-VEHICLE-SAFETY-AND-COMFORT">CarFit Virtual Workshop: Let's Talk – Vehicle Safety and Comfort</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 1:30 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-work-jobs-national-virtual-seminar-22525-700-pm-et-w7npqx8r99z.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-WORK-JOBS-NATIONAL-VIRTUAL-SEMINAR-22525-700-PM-ET">AARP Work & Jobs - National Virtual Seminar 2/25/25 7:00 PM ET</a></h2> <p class="time">Tuesday, Feb 25, 2025 at 6:00 p.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-me-meditation-moment-february-2025-g2n9g9c8pcz.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AARP-MAINE-MEDITATION-MOMENT">AARP Maine Meditation Moment</a></h2> <p class="time">Wednesday, Feb 26, 2025 at 8:00 a.m. CT</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/lincoln-ne/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;height:360px;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Last Chance to Save!<br />New Pricing Coming in 2025.</div> <br /> <p> This is AARP's first rate increase in 15 years.<br />Don't miss out, join today and save!<br /><br /> </p> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-LINCOLN-NE">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Nebraska Facebook Page" title="Image of AARP Nebraska Facebook Page" data-href="https://www.facebook.com/AARPNE" data-tabs="timeline" width="" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true"> <blockquote cite="https://www.facebook.com/AARPNE" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPNE">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Lincoln</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:NEAARP@aarp.org" target="_blank" rel="noopener">NEAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/nebraska/" target="_blank" rel="noopener">AARP Nebraska</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/we-want-to-hear-from-you-heres-how-to-reach-us/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-LINCOLN-NE" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPNE" target="_blank" rel="noopener" aria-label="Open Facebook"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/facebook.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpNE" target="_blank" rel="noopener" aria-label="Open Twitter"><img style="max-width: 48px;" src="https://cdn-aarp.americantowns.com/img/page/icons/twitter.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards</title> <meta name="page_title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="robots" content="noindex, nofollow"/> <meta content="The Nebraska Legislature’s Banking, Commerce and Insurance Committee will hold a hearing on a critical bill on Monday, February 3, at 1:30 p.m. CT," name="description"/> <meta content="Nebraska, Legislation, Targets, Cryptocurrency, Kiosk, Fraud, with, New, Consumer, Safeguards" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/nebraska/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/nebraska-legislation-targets-cryptocurrency-kiosk-fraud-with-new-consumer-safeguards-ne-2025-01-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta name="twitter:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="Nebraska Legislation Targets Cryptocurrency Kiosk Fraud with New Consumer Safeguards"/> <meta property="og:description" content="LB609, introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, aims to establish regulations for cryptocurrency kiosks, commonly known as"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/bc5a684/2147483647/strip/true/crop/7000x4500+783+0/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F60%2Fd4%2F5850928d4ec880a476a69cf36229%2Fgettyimages-1718515501.jpg"/> /* temporary */ .RichTextArticleBody ul { padding-left: 20px; 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