The Winklevoss Twins have announced the launch of their long-awaited Bitcoin exchange, Gemini. Somewhat like itBit, which applied for a banking license rather than wait for the completion of the BitLicense, Gemini Trust Company, LLC is regulated as a fiduciary. This means they can service both individual and institutional clients, among other things. Meeting the high-water mark of banking compliance is no small task, especially for a startup, but we felt that doing so was crucial — Bitcoin is an island right now, and, if we are going to build a bridge to the financial mainland, then Gemini must look […]
The post Gemini Bitcoin Exchange Launches, Needs No BitLicense or FinCEN appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
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