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AMEMNDMENT TO ORDINANCE 20.900 SUMMARY FOR PUBLICATION The City of Mount Clemens has adopted an ordinance to register, license and proscribe operational regulations for Virtual Currency Machines and related devices operated in the City of Mount Clemens and repeal all Ordinances in conflict therewith. The operation of virtual currency kiosks, cryptocurrency, or bitcoin ATMs, and related or similar machines and software, if not properly regulated, provides a heightened risk of fraudulent transactions that may victimize residents of the City of Mount Clemens. The procedures set forth in this Ordinance are designed to enhance the safety and security of virtual currency transactions, and thereby promote the general health, safety, and welfare of residents of the City of Mount Clemens. A copy of the complete ordinance is available for public inspection in the office of the City Clerk, Municipal Building, 1 Crocker Boulevard, Mount Clemens, Michigan, 48043. Cathleen Martin City Clerk