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Bitcoin exchange firm Gemini expands services to State of Washington

Gemini, a New York-based bitcoin exchange developed by Winklevoss brothers, announced that it is now licensed to offer its services into the great state of Washington, allowing users to buy, sell as well as store both bitcoin and Ether.

“We’re excited to announce that Gemini is now licensed to provide our services to customers in the Evergreen State. Washington has some of the highest standards of oversight for digital asset exchanges within the U.S., and will be instituting further regulations regarding the sale and storage of digital assets beginning next month,” Cameron Winklevoss, co-founder of Gemini stated in the release.

The move puts Washington State on par with New York, at the forefront of protecting consumers and users of digital assets beyond what is already done for fiat currencies.

With the move, registered customers in the Evergreen State can buy, sell, and store both bitcoin and ether with the help of USD, using the Gemini exchange.

The company does not operate in any area unless it has received the necessary licenses or regulatory approvals to do so. Gemini’s trust license from the State of New York allowed the company to work closely with both New York and Washington state regulators to obtain approval to operate.

“It was truly exciting and remarkable to see this collaboration between two of the most well respected state regulators, all in the name of innovation,” he added.

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