As bitcoin continues to grow in popularity, we seem to see it popping up everywhere, even in places that we least expect. Places like the rugged and mostly untamed state of Alaska, not exactly a crypto metropolis on the surface.
Even though it is gaining widespread interest in the state, regulators in Alaska are still warning potential and existing crypto adopters about the perceived dangers associated with the industry.
The organization has warned would-be investors to thoroughly investigate anything involving crypto assets in order to be fully educated as to what they are contributing to. Anselm added:
This hasn’t dampened crypto appeal in the state though. Overstock, a major e-commerce company that accepts crypto payments, said that Alaska makes the most purchases in crypto compared to any other state in the US.
Idaho’s Department of Finance has also cautioned its population on using digital currencies because of its high volatility and unpredictable market. Gavin Gee, director of the department, had this to say:
However, he did voice his doubts as to whether crypto would be adopted as a common medium of exchange:
Digital currencies may not be currently used to buy a loaf of bread at your local store, but being so popular in unexpected states such as Alaska and Idaho could mean mainstream adoption isn’t that far off.
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Adeniyi Salau is a Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.