New York Governor Cuomo Announces Approval Of First U.S.-Based Ethereum Exchange, Created And Operated In New York - Department Of Financial Services Authorizes New York-Based Company To Offer Trading Of Emerging Digital Currency

Governor Andrew M. Cuomo today announced that the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the trading of Ether, an emerging cryptocurrency, on its virtual currency exchange based in New York City. Cryptocurrencies are alternative decentralized global digital currencies that provide users with a more secure and efficient means of payment.