Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency.
The city of Chico in California anticipates the combined support from state-level legislation and local ordinances to better regulate the Bitcoin teller machines or ATMs.
During a local government committee discussion held on Aug. 7, Andy Pickett, the chief administrative officer at the County of Butte, spoke about the ongoing efforts toward regulating Bitcoin (BTC) ATMs.
Pickett reported on recent state-level legislation to limit fraud cases related to Bitcoin ATMs.
