The city of Chico in California is seeking state legislation and local ordinances to strengthen oversight of Bitcoin ATMs. This initiative stems from concern over recent fraudulent activities linked to cryptocurrency ATMs and the discovery of exorbitant transaction surcharges. In October 2023, a report by the California legislative body revealed that some cryptocurrency ATMs charge fees up to 33% of the transaction amount, and certain devices allow for transactions as high as $50,000. To address this issue, California enacted a regulation setting a daily deposit limit at $1,000. Additionally, to enhance transparency and consumer protection, California requires all cryptocurrency ATM transfer transactions to provide receipts and clearly display the operator's identity information. These measures aim to tighten regulation, combat potential fraud, and safeguard user funds.