Winklevoss Brothers Not Refuse to Start BTC-ETF

According to Winklevoss Bitcoin will be able to hold its position as a means of preserving value
09 January 2019   417

The founders of the Gemini exchange, brothers Tyler and Cameron Winklevoss, are “determined to make Bitcoin-ETF a reality.” They stated this during the Ask Me Anything session on Reddit.

According to Winklevoss, in the long run, Bitcoin will be able to hold its position as a means of preserving value, and its capitalization will be able to overcome the $ 7 trillion mark.

Our thesis around bitcoin's upside remains unchanged. We believe bitcoin is better at being gold than gold. If we're right, then over time the market cap of bitcoin will surpass the ~7trillion dollar market cap of gold.

Tyler Winklevoss

Co-founder, Gemini Exchange

In turn, Cameron Winkloss said that cryptocurrencies still need fiat money, but in the future, all assets are likely to go digital.

In addition, the brothers expressed confidence that blockchain technology without cryptocurrency can not be considered wealthy.

Note that the US Securities and Exchange Commission (SEC) has already rejected the application of Gemini to start Bitcoin-ETF twice - in March 2017 and July 2018.

In December the Gemini Exchange introduced a mobile application for the Android and iOS operating systems.

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.