Winklevoss twins have a plan to police cryptocurrency trading

(Bloomberg) — The Winklevoss twins have taken on their next project in the cryptocurrency world: regulation.  The brothers, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create the Virtual Commodity Association, a self-regulatory organization meant to police digital-currency markets and custodians. The non-profit group would aim to develop industry standards, promote transparency, and work with regulators including the U.S. Commodity Futures Trading Commission to prevent fraud. “The promise of vir…
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