AGENDA CAPTION:
Title
Consider approval of Ordinance 2026-02, on the first of two readings, adding a new Article 5 to Chapter 18 of the City Code that requires signage on bitcoin teller machines (“BTM’S”) and automated teller machines (“ATM’S”) warning customers and users of the potential fraud or scam risks associated with utilizing an ATM or BTM; including procedural provisions; providing for penalties; and declaring an effective date.
Body
Meeting date: January 20, 2026
Department: Neighborhood Enhancement
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Background Information:
Cryptocurrency kiosks look like traditional ATMs and are typically located in gas stations, convenience and grocery stores, malls, and other retail locations. A new ordinance requiring warning signs on cryptocurrency kiosks gives potential victims a vital moment to pause, reflect, and recognize the red flags of a scam before it’s too late. Scammers typically put pressure on their victim to act quickly and threaten them into action. They will often pose as law enforcement and claim that they must pay a fine for outstanding warrants or failing to appear
for jury duty.
Warning signs will encourage those targeted by these scams to report it to the city, which is essential to helping fight and prevent these scams.
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Recommendation:
Recommend approval of the 1st reading of the Cryptocurrency Teller Machines and Automated Teller Machines warning notice ordinance.