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Thread: Bitcoin exchange Gemini safe and legal

  1. #1

    Bitcoin exchange Gemini safe and legal

    Cameron and Tyler Winklevoss, famous for their legal spat with Facebook founder Mark Zuckerberg, launched bitcoin exchange Gemini on Thursday. While the currency has received criticism for its role in exchanges such as online black market Silk Road, the brothers contend they have established sufficient safeguards to unlock its potential.

    "We built with a security mentality from Day One," said Tyler Winklevoss.

    Cameron Winklevoss added that Gemini has "the highest regulatory policies and capitalization requirements." The brothers said they implemented background checks and protections against money laundering.

    Specifically, they contended that their platform gives hedge funds and market makers a secure platform to dive into the digital currency.

    The Boys finally got their exchange up and running and they claim institutional money is flowing into accounts as we speak.

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  3. #2
    What's so different besides jumping through the special hoops?

  4. #3
    Apparently that is what is different. Supposedly "institutional" investors don't trust other exchanges, and their theory is if they create the most compliant exchange they'll get the big bucks.

  5. #4
    They built a great looking exchange. It looks very well done. I'm not going to use it, but many people were waiting for regulation.

    Wire transfers should start rolling in next week.

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