Nebraska Bitcoin ATM Regulations
The "Controllable Electronic Record Fraud Prevention Act" (LB 609) requires licensing, establishes a 14-day new customer period, and caps fees at 18%. Effective September 3, 2025.
Licensing Requirements
The "Controllable Electronic Record Fraud Prevention Act" (LB 609, effective September 3, 2025) requires operators to hold a license under the Nebraska Money Transmitters Act.
Operators must register with the Nebraska Department of Banking and Finance and maintain ongoing compliance with all licensing requirements.
Important Date
LB 609 takes effect September 3, 2025. Begin compliance preparations and licensing applications in advance.
Transaction Limits
Nebraska establishes a 14-day new customer period, which is longer than the typical 72-hour periods used by many other states.
| Customer Type | Daily Limit | Notes |
|---|---|---|
| New Customer | $2,000 | First 14 days |
| Existing Customer | $10,500 | After 14-day period |
Customer Script
"In Nebraska, your daily limit is $2,000 for the first 14 days. After that period, you will be considered an existing customer with a higher daily limit."
Fee Caps
Nebraska caps aggregate fees and charges to protect consumers.
Compliance Note - Fee Limit
Nebraska caps aggregate fees and charges at 18% of the transaction value. This includes all fees, spreads, and other charges combined. Operators must ensure total charges do not exceed this limit.
KYC & New Customer Rules
Nebraska defines a "New Customer" as an individual within 14 days of their first transaction - notably longer than many other states.
- New customer period: 14 days from first transaction
- Government-issued ID required for verification
- Customer status tracking required for 14-day period
- Standard KYC requirements under Money Transmitters Act
Legislative Reference
The primary legislation governing Bitcoin ATM operations in Nebraska is Legislative Bill 609, known as the "Controllable Electronic Record Fraud Prevention Act."
LB 609 - Fraud Prevention Act