Coinbase-Led Group Aims to Help Crypto Firms Avoid Securities Violations
Coinbase, Circle, Genesis and more are developing a ratings system aimed to flag crypto assets that are similar to securities.
Gemini
Gemini has concluded an SOC 2 Type 2 cybersecurity risk examination, evaluating how its security system controls operate across a period of time. The exchange plans to conduct such exams annually.
Gemini, led by the Winklevoss twins, has set up its own insurance captive to cover loss of crypto in cold storage – with a possibly record-breaking $200M limit.
Blair Halliday becomes chief compliance officer for the U.K. and Europe at Gemini as the EU's Fifth Anti-Money Laundering Directive (AMLD5) goes into effect.
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new pilot that examines reporting scenarios for digital assets.
The exchange hired Julian Sawyer, former co-founder and chief operating officer of a U.K. digital bank, to shape the exchange’s strategy in the region and manage European hiring.
