US investors plan to launch regulated Bitcoin exchange

Friday 23 January 2015 00:14 CET | News

US investors Cameron and Tyler Winklevoss have revealed plans to create the first regulated Bitcoin exchange in the US.

The investors have hired engineers, enlisted a bank and engaged regulators with the aim of opening their exchange, dubbed Gemini.

Bitcoin is a digital currency that, unlike conventional money, is bought and sold on a peer-to-peer network independent of central control. Bitcoin is not backed by a government or central bank and its value fluctuates according to demand by users. Users can transfer bitcoins to each other over the Internet and store the currency in digital wallets.

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Keywords: US, regulated, digital currencies, cryptocurrencies, Bitcoin, exchange
Categories: DeFi & Crypto & Web3
Countries: World
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DeFi & Crypto & Web3

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