Study: Hawaii Is Among Most Crypto-Obsessed States – KHON2

HONOLULU (KHON2) — Despite crypto interest being at an all-time low, Hawaii is among the Top 10 states that are still obsessed with digital currency, according to a new study. Finance website AtoZMarkets.com found that interest is over 80 times lower than the peak of early November 2021; analysis of Google Trends data also revealed that crypto interest in the last 12 months has reached an all-time low.

The study looked at which states still have their crypto obsession intact, despite the drop in online interest.

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Each state was given a total score determined by main crypto-oriented search terms over the last 12 months, including “bitcoin” and “cryptocurrency.” California was ranked as having the highest interest in crypto with a score of 675, followed by Nevada and New York. Hawaii was ranked as the seventh most crypto-obsessed state with a total score of 548, according to the study.

Top 10 Most Crypto-Obsessed States

State	Crypto	Bitcoin	Ethereum	Dogecoin	Cryptocurrency	NFT	Coinbase	Total Score
1. California	100	92	100	100	83	100	100	675
2. Nevada	91	100	84	87	87	89	79	617
3. New York	83	75	92	91	78	89	94	602
4. New Jersey	89	81	90	91	81	77	83	592
5. Florida	84	89	75	89	80	77	82	576
6. Washington	77	79	79	87	76	76	88	562
7. Hawaii	90	93	80	69	97	77	42	548
8. Utah	82	71	70	76	69	69	81	518
9. Massachusetts	74	76	81	67	65	77	75	515
10. Oregon	73	73	82	77	66	71	71	513

To see the full list, click here.

Hawaii’s crypto market almost took its last breath after House Bill 2108 was indefinitely deferred in early May. The bill would have established a program for the licensure, regulation and oversight of digital currency companies in the state. Without its passing, the Digital Currency Innovation Lab was scheduled to close for transactions on June 30 for both businesses and consumers.

Then on June 2, a two-year extension of the DCIL was announced. The news was a sigh of relief for the cryptocurrency companies participating in the pilot program. They can continue to do business in Hawaii without having to first obtain a state money transmitter license, at least until June 30, 2024.

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Those that choose to withdraw from the program will have to abide by the terms of the DCIL and wind down procedures starting on July 1 and concluding on Dec. 31.

from
https://collincountynewsonline.com/study-hawaii-is-among-most-crypto-obsessed-states-khon2/