US-based Gemini issued an inaugural global crypto survey that found barriers for non-investors include concerns about trust, volatility, and security.
Commonwealth Bank’s crypto partner, New York-based exchange Gemini, says legal uncertainty around cryptocurrencies, including how they will be taxed, is holding back adoption but non-owners are curious about getting exposure as global regulators seek to clarify how digital asset investments will be treated., it turned to Gemini, a crypto-native exchange and custodian launched in 2015 by Cameron and Tyler Winklevoss.
Gemini is a limited liability trust company in New York and subject to fiduciary duties and capital reserve requirements. It also meets cyber security and banking compliance standards set down by the New York State Department of Financial Services under New York’s Banking Law, the company says on its website.
Gemini said 18 per cent of Australians held some crypto asset, the same proportion as the UK and just less than an estimated one-in-five Americans.
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