The Winklevoss twins are taking the final steps toward officially launching their bitcoin exchange, Gemini, now that it has the backing of the New York State Department of Financial Services.
This license is different than the BitLicense, which is more of a business license for those that process bitcoin transactions. For bitcoin exchanges, the regulatory pressures are a bit different. Now, however, with its new license under its belt, Gemini is able to operate as a chartered limited liability trust company.
Link http://www.pymnts.com/news/2015/winklevoss-twins-bitcoin-exchange-gets-trust-license/
