LINCOLN, Neb. (KLKN) — Mayor Leirion Gaylor Baird on Thursday proposed a new city ordinance to help prevent older adults from falling victim to cryptocurrency fraud.

The proposed ordinance would require all businesses operating or providing access to cryptocurrency ATMs to post written notices warning consumers of the potential fraud risks associated with using the machines.

According to Gaylor Baird, local data indicates this type of fraud disproportionately targets older adults.

“Cryptocurrency scams may be prevalent, but falling prey to them is preventable,” Gaylor Baird said in a press release. “This proposed ordinance shows how we can work together locally to safeguard seniors from financial fraud and stop scams before they start.”

The Lincoln Police Department started tracking ca

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