The City of Chico, California is looking to get a combination of state legislation and local ordinances to better regulate Bitcoin ATMs or ATMs. During a local government committee discussion held on August 7, Butte County Chief Administrative Officer Andy Pickett spoke about the ongoing regulation of Bitcoin. Pickett reported on recent state-level legislation aimed at limiting cases of fraud associated with Bitcoin ATMs.
In October 2023, an investigation by the California Legislature found that some cryptocurrency ATMs charge a premium of up to 33 percent, while some ATMs have a limit of up to $50,000. As a result, a bill was passed to limit deposits to $1,000 per day. In addition, California requires all cryptocurrency ATM transfers to provide a receipt and disclose the name of the operator.
California will regulate bitcoin ATMs under state law
2024-08-07 08:50:39
Chico California hope legislation local ordinance union supportdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
加州将根据州法律对比特币 ATM 进行监管Next article：
Magic Eden 将其基金会的 X 账号名称更改为$ME
