The futures are cash - settled contracts based on the auction price of Bitcoin in US dollars on the Gemini Exchange, which is owned and operated by
virtual currency entrepreneurs Cameron and Tyler Winklevoss.
In 2015, Chino filed suit to challenge the legality of the New York BitLicense after claiming that state authorities were using virtual
currency entrepreneurs as «guinea pigs.»
Wang told CoinDesk that he and his business partner, digital
currency entrepreneur Mao Shihang, were early adopters of the technology, but that despite early growth, mining remained a key weak point.
Founded by digital
currency entrepreneur Jon Holmquist, the event, which sets out to unite cryptocurrency enthusiasts and retailers for a day of bitcoin - fuelled consumerism will take place tomorrow.
China is cracking down on fundraising through launches of token - based digital currencies, targeting ICOs in a market that has ballooned this year in what has been a bonanza for
digital currency entrepreneurs.
The proposed act has also garnished the attention of Theo Chino, virtual
currency entrepreneur and plaintiff in the Chino v. the New York Department of Financial Services (NYDFS) case.
«We have sought to move quickly but carefully to put in place rules of the road to protect consumers and provide greater regulatory certainty for virtual
currency entrepreneurs,» said Benjamin Lawsky, superintendent of the NYDFS, in a statement.