Hawaii seems to like Bitcoin a lot, or at least that’s what Google Trends claims. By analyzing the searches conducted on the main search engines in the United States, it can be found that the term Bitcoin is particularly widespread in the archipelago. To be sure, this is the most active state in the past few days and topped the list of the most active last week, with most of the research being conducted in Nevada, California and New York.
Bitcoin in Hawaii
Hawaii may be particularly interested in Bitcoin because this is where an experiment called the Digital Currency Innovation Laboratory (DCIL) is underway. The aim is to observe the development of the cryptocurrency field and its scope of innovation. The plan will run for two years, during which participating exchanges will need to provide data and reports to help understand how to legalize the sector. The scope of the project is very broad, involving some important players in the crypto field, such as Gemini, Robinhood and Novi, or the wallet that will host the Facebook Libra cryptocurrency.
The crypto evolution of Hawaii
The fact that Hawaii is giving a lot of space to cryptocurrencies shows how much the industry’s approach has changed. In fact, the state practically enacted a ban on Bitcoin in 2017 to prevent individuals and companies based in the archipelago from using BTC. After three years, the tide appears to have been completely reversed. In January 2020, Hawaii passed a law that allows banks to offe...