Blockchain data firm Kaiko analyzed trading activity on centralized exchanges from different days and time zones.
Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.
The trader operating a registered digital currency exchange, says he is unable to continue operating without banking services.
Bitcoin traders have begun recovering from Thursday's bombshell indictments by U.S. regulators against the BitMEX exchange's co-founders.
The governor of New Hampshire has signed a bill into law that exempts digital currency traders from the state's money transmission regulations.