According to Foresight News, the city of Chico, California, plans to regulate Bitcoin automated teller machines (ATMs) through state laws and local regulations to prevent fraud and ensure transaction transparency. It has passed legislation to limit daily deposit amounts and require all crypto ATMs to provide transaction receipts and operator information.
According to Coin ATM Radar, there are 2,872 crypto ATMs in California, spread across multiple jurisdictions, with the city of Chico currently home to 347 active crypto ATMs.
