New York AG Sues Coinbase, Gemini Over Alleged State Law Violations
In a case that stands out in today’s pro-crypto climate in the US, New York Attorney General (AG) Letitia James has filed a lawsuit targeting Coinbase Financial Markets and Gemini Titan, subsidiaries of the two major exchanges. The action, brought on Tuesday, accuses the crypto companies of violating state law by allegedly operating prediction markets […]
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The exclusive United States specific bitcoin exchange, Gemini is one step closer to beginning its operations from New York. The company founded by Tyler and Cameron Winklevoss, better known as the Winklevoss Twins has filed the necessary paperwork with the New York State Department of Financial Services. According to Gemini's spokesperson, the Winklevoss twins are said to have completed the formality of filing the trust application with the government so that they can start operating as a trust company. A trust company, according to the definition of the State of New York is a financial....
Gemini, the bitcoin currency exchange operated by investors Cameron and Tyler Winkelvoss, has received approval from the state of New York to offer trading for ether, the native token of the Ethereum network. The New York State Department of Financial Services (NYDFS) announced the approval today, a move the department said was necessary given that the agency has the mandate to review any material changes to the services offered by industry firms. The exchange, approved to open last October, had received the greenlight to operate as a limited purpose trust company from the NYDFS, though it....
The Gemini exchange, founded and operated by Tyler and Cameron Winklevoss has gained the approval from the State of New York via the Department of Financial Services to offer trading of Ether, the crypto-asset and token of the Ethereum network. In an announcement today, the New York State Department of Financial Services has given its approval for Gemini to offer trading of Ether, the native token of Ethereum. Gemini launched in October 2015 after gaining a charter to operate as a virtual currency exchange, without the need for a BitLicense whilst regulated as a fiduciary, granting it the....
Coinbase has submitted an application for a BitLicense in New York State, making it one of the leading bitcoin businesses to seek the necessary regulatory approval. Coinbase advised CCN of its action in the wake of plans by other cryptocurrency businesses - such as LocalBitcoins, BitFinex and Kraken - to bolt New York due to the controversial regulation. The law prohibits the sale of bitcoin without a license. "We can confirm that Coinbase has submitted a BitLicense application," a Coinbase spokesman told CCN. "The process was a significant undertaking, but we're fortunate to have the....
Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC. First announced in January, the New York-based startup was advertised as a "fully regulated US bitcoin exchange" for individual and institutional customers, one that its founders suggested could growth to become the "NASDAQ or Google of bitcoin". Gemini said it is now onboarding customers and will officially open for trading on....