Winklevoss twins launch Gemini, the 'regulated' Bitcoin exchange

It's no secret Cameron and Tyler Winklevoss are betting big on Bitcoin: They've reportedly invested at least $11 million in the cryptocurrency, and they predict it could be even bigger than Facebook.

On Friday, the brothers announced the launch of Gemini, which they call the "next-generation Bitcoin exchange." Originally announced in July 2013, the New York-based Bitcoin exchange will be "fully regulated, fully compliant" and open to individuals and institutions

See also: A Complete, Interactive History of Bitcoin

To launch Gemini (Latin for "twins"), Winklevoss brothers have assembled a team of 14 engineers, finance and security experts (including the two of them). They also have a banking relationship with an unspecified New York State-chartered bank (meaning the dollars you keep on Gemini are eligible for FDIC insurance), and now the only thing missing before Gemini can launch is an OK from the New York State Department of Financial Services (NYSDFS). Read more...

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