Gemini has started Ether trading.
Praised as the first licensed ether exchange in the world with its approval also making the NYSDFS the first regulatory agency to globally supervise ether, Gemini has noted on its blog site that the exchange will be offering Ether-Bitcoin and Ether-USD trading pairs on two new order books.
In a blog post, Cameron Winklevoss, Co-Founder and President at Gemini, says:
“Our approval makes Gemini the first licensed ether exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise ether, reaffirming their position as the leading financial regulator in the area of digital assets.”
Virtual currency regulation has been a thorny subject – not only in the US – but globally. A series of policies are being considered by governments as a potential measure against money laundering and other cyber security threats.
While announcing the approval, Governor Andrew M. Cuomo says:
“This action continues New York’s long tradition of pioneering new innovations and emerging industries. With robust regulatory oversight, we are maintaining our status at the forefront of this technological revolution and ensuring that users have a safe and secure experience.”