CCBeast Special


A new Cryptocurrency Organization Aimed at Self-Regulatory Crypto Space has been launched by the Winklevoss Twins
Editorial Team

The Winklevoss twins have launched a cryptocurrency organization aimed at regulating cryptocurrencies and also siding the infusion of cryptocurrency into the institutional system, as the publication from btcnn.com resumed. The organization is called “The Virtual Commodity Association,” as revealed by telegraph.co.uk.

The Winklevoss twins, Cameron and Tyler, have doubtlessly taken the course cryptocurrency acceptability as their burden and vision, despite having being rejected twice for publishing forward the idea of Bitcoin ETF to SEC.

To achieve their vision, they decided to create a cryptocurrency-based organization that aid the self-regulation and legitimization of cryptocurrency in the world.

The new organization has already four of the most significant cryptocurrency exchanges in the world as its member. Even though the names of those exchanges were not referred to the report, it is expected that the leading exchange will be Gemini exchange, a united based exchange owned by the Winklevoss twins.

Aim of the new organization is expected to be the making cryptocurrency acceptable into the mainstream of the society.

According to Brian Quintenz a member of the US government agency, Commodity Futures Trading Commission, he stated that this innovation is a step in the right direction as it “could have a meaningful impact on the integrity and credibility of this young marketplace.”

The Winklevoss twins are very prominent for the lawsuit against Mark Zuckerberg of Facebook. It is said that the proceeds of the lawsuit which amounted to $65 million laid the way for their mainstream investment into the crypto space.

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