Banks and trading firms can’t use customer deposits to pay their legal expenses.
Oh wait, haha, I was thinking of real banks with regulation, but this is crypto world. Yeah, your moneys’s gone.
Oh wait, haha, I was thinking of real banks with regulation, but this is crypto world. Yeah, your moneys’s gone.
> Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.