LOGO_CRYPTO_SIGHT

California Emerged As “Most Crypto-friendly” US State

By | September 19, 2021
head-of-imf-christine-lagarde-believed-regulators-should-be-more-friendly-towards-cryptocurrency

Insights from the review page Crypto Head into the crypto scene reportedly revealed California to have become the leading US-based jurisdiction when it comes to crypto adoption. 

Specifically, scording 5.72 on a 10 scale thanks to its proliferation of cryptocurrency ATMs, as well as the developing interest expressed towards crypto, the state has surpassed New Jersey (5.44), Texas (5.28), Florida (5.03), and New York (4.29) in the crypto-ready index. The overall point of California – 2.54 points – has also exceeded the average figure of the country. 

The results were reportedly arranged in tabular form, via utilizing different metrics, including crypto-centric Google searches, the presence of Bitcoin (BTC) and different digital coins ATMs, along with how many blockchain-focused bills were greenlit in the states individually.

California reportedly secured the top spot when it comes to crypto-centric Google searches for every 100,000 and in the number of crypto ATMs. 

Such positive factors have reportedly counteracted the sufficiency regarding crypto-focused legislation in the state.

In comparison, New York has reportedly granted approval for eight crypto-centric bills but landed the 33rd standing when it comes to crypto ATM installations.  New Jersey leads in terms of crypto ATMs installed for every 10,000 square miles, and stood at 3rd for searches per 100,000 people. 

Regardless of the regulatory uncertainty as well as an impending infrastructure bill that could impact primary aspects of the blockchain economy, the US keeps on being the international leader in cryptocurrency adoption.

Tags: , , ,

Comments