Approval has been granted for Gemini

The New York State Department of Financial Authority Financial Services (DFS) now has issued an approval to the Bitcoin Exchange Gemini. Thus, the third approved by DFS Bitcoin platform can start its trading platform by the Circle and ItBit this week. Gemini is cooperating with the New York banking house Signature Bank, which is equipped with classic and license to manage the Bitcoin balances in the future. The Signature Bank is hedged in US FDIC.

The name Gemini refers to the founder of the platform, the twin brothers Tyler and Cameron Winklevoss. They became famous through their lawsuit against Facebook founder Mark Zuckerberg. This they had accused of having stolen the Facebook idea in their network ConnectU. Zuckerberg had paid the brothers in a comparison of 65 million US dollars.

In terms of Bitcoin the Winklevoss twins have been much under way: According to information from the US business magazine “Fortune” they have invested in Bitcoin startups, creating a Bitcoin Price Index and are currently working on a Bitcoin ETF.

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