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Washington D.C. Emerges as the “Most Crypto-Friendly” City in the US

Washington D.C. Emerges as the “Most Crypto-Friendly” City in the US

Reading Time: 2 minutes by on May 6, 2018 Altcoins, Bitcoin, Business, Commentary, News
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Finally, it is safe to say that the place to be a bitcoin geek so to speak, is none other than the place which is most likely to spearhead the regulation of cryptocurrency; the US capital city of Washington D.C.

According to the latest survey done by RewardExpert, to rate the states where it is easiest to get into cryptocurrency industry in any capacity, Washington D.C. ranked number among all the 50 US states rated.

This survey considered the number of ATMs and other services that take bitcoin as a payment option, to come up with the ideal state which has a developed bitcoin infrastructure as well as other cryptocurrencies.

“Washington, D.C. can take initial spot on our list on the power of getting the most bitcoin ATMs for every capita any place in the place. There are 4.49 ATMs for every million inhabitants, and 2.39 establishments for every million citizens that acknowledge bitcoin as a type of payment.”

The US capital is also the headquarters of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Two bodies which have united their forces to boost the regulation of infant, risky, and highly risky crypto market (including bitcoin), which has garnered enough mainstream media attention in the past 12 months.

Roman Shtyn, CEO and co-founder of RewardExpert, stated:

“The most popular use for cryptocurrencies is for financial commitment, even so an expanding quantity of firms acknowledge currencies like bitcoin as payment, and bitcoin ATMs have been popping up throughout the state enabling buyers to expend their money.”

Some of the other states that have shown affinity towards bitcoin include New Hampshire. It was ranked second in the survey done by RewardExpert. New Hampshire has about 62 institutions where one can use bitcoin as a means of taking or offering services, which include journey and lodging.

Following is the list of top ten U.S. states most favorable to bitcoin and other cryptocurrencies:

  1. Washington D.C.,
  2. New Hampshire,
  3. Georgia,
  4. Nevada,
  5. Colorado,
  6. Kansas,
  7. New York,
  8. Michigan,
  9. Missouri,
  10. Oregon.
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