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.