Tyler Winklevoss Says BTC Left Behind the Risk of US Ban

by in Cryptocurrency News

Tyler Winklevoss on Bitcoin Ban

The Gemini CEO Tyler Winklevoss believes it's unlikely Bitcoin will get banned in the US. First, he expressed this opinion via a tweet on March 27.

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Later, on April 3 Winklevoss brothers had an interview with Peter McCormack in terms of the "What Bitcoin Did" podcast.

Then the businessman said in 2013 Bitcoin ban would have been an open question. However, at the present it's unlikely. He mentioned the way the first cryptocurrency has crossed and that in 2015, the Commodity Futures Trading Commission officially announced BTC and other cryptocurrencies to be a commodity.

Going further, Tyler Winklevoss talked about the regulations noting that their product Gemini is a New York trust firm licensed by the New York Department of Financial Services. The founder of the exchange said preventing Bitcoin will suggest defining strict constraints on the internet generally.

Moreover, Tyler Winklevoss said his opinion refers to the U.K. and Europe as well. He said the approach which views Bitcoin as a possibility rather than a menace has been getting more common.