One of the leading cryptocurrency exchange, Gemini, which was formed in the year 2014 by the Winklevoss twins is working out for the better rules and regulations of the crypto space in their new ad campaign, the Wall Street Journal (WSJ). Billboards on taxis and in the New York city subway consists of slogans like “ crypto need rules” at the same time signifying that Gemini already delivers a regulatory complain exchange for its investors. In order to know all the nuts and bolts about Gemini, feel free to reach the panel of professionals who are always there to assist you. Dial Gemini Phone number and get the required results in the least possible time.
The other slogans include the lines, “money has a future” and “crypto without chaos”. The head of marketing at Gemini, Chris Roan, articulated the Wall Street Journal that, “the team of Gemini considers that investors who are stepping into cryptocurrency be worthy of the same security and protections as investors in the traditional markets, obeying the same values, practices, guidelines and compliance conventions”. Meanwhile, most of the crypto users have condemned the ads, articulating that the introduction of Know Your Customer (KYC), anti-money laundering (AML) and other security measures are adverse to the setting up principles and guidelines of cryptocurrencies.
Kryptic Nation, Blockchain education platform, said on Twitter that the exchanges like Gemini are looking for the guidelines and rules from the persons and union frontrunners who have been bolting the average man for years. Such steps make me sad.
Neha Narula, Director of the Digital Currency Initiative at the MIIT Media Lab addressed the WSJ that regulations and guidelines are not used on incessant basis during the course of the crypto environment. She further added that “there is a massive problem with market integrity, with consumer fortification, and we have to assure that are regulations should be followed stringently where they put on. And, since regulations are varying then, overregulation might strangle innovation should compliance become very costly for firms who want to enter into the crypto space.
In a bid to assure that overregulation and strict legal framework may not hamper the crypto space, American legislators have announced a bill in the House of Representatives called the Token Taxonomy Act. This act would definitely bring a new connotation to the crypto assets and eliminate tokens from being considered securities.
Gemini is a US-based cryptocurrency exchange and is a trustworthy company synchronized by the New York State Department of Financial Services. It is considered to be the World’s first licensed Ether exchange and is the most secure one as it is accessible to individual investors. To deal with all the Gemini errors, feel free to call on Gemini customer care number which is functional all the time to assist the users. Contact with the team and get out of the box results in no time and enjoy hassle-free trading on the Gemini platform. The team is with you to help you.