California County to Enact State Laws on Bitcoin ATMs
Chico, California, relies on state and local regulations to regulate Bitcoin ATMs to limit fraud and transparency. The city of Chico, California, believes that state-level legislation and local rules will work together to regulate Bitcoin teller machines or ATMs properly. Andy Pickett, the chief administrative officer at the County of Butte, addressed the ongoing attempts to […]
Senator Proposes Ethical Guidelines for AI Contractors in California
On January 3, Democratic California State Senator Steve Padilla introduced Senate Bills 892 and 893, which seek to establish a “safe and ethical framework” for artificial intelligence (AI) service providers operating within the state. Senate Bill 892, the first of the two, would mandate that the California Department of Technology establish safety, privacy, and non-discrimination […]
California Limits Crypto ATM Daily Withdrawals to $1K
In response to increasing scams, California lawmakers have proposed a new bill titled “Digital financial asset transaction kiosks” that would limit daily crypto ATM withdrawals to $1,000. In addition, beginning in 2025, the law would cap operators’ fees at either $5 or 15%, whichever is greater. If approved, the measure would take effect on January […]
California Commission Outlines Crypto Guidelines in Campaign Disclosure
The California Commission for Fair Political Practices has revised its campaign disclosure manuals to include specific guidelines for cryptocurrency contribution declarations to political candidates and committees. The agenda for an impending commission meeting includes a discussion of updated campaign disclosure manuals, which have been rewritten to reflect recent legislative and regulatory changes. These updates include […]
BlockFi To Give California Users $100K Refund
Customers in California will receive reimbursements from BlockFi, according to a report from state authorities on March 27. According to the California Department of Financial Protection and Innovation (DFPI), after a court’s approval, eligible consumers will receive refunds from BlockFi totaling more than $100,000. The regulator said that BlockFi failed to promptly notify clients that […]