Zcash Gemini - Reading Assignment

Privacy Coins - Ultimate Course
#21
  1. at the time of this article, only bitcoin and ethereum
  2. gold, cash
  3. overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity
  4. For deposits yes, withdrawals no (at time of the article)
1 Like
#22

  1. Bitcoin and Ether

  2. Bitcoin is digital gold and Zcash is digital cash

  3. All anti-money laundering (AML) laws, know your customer (KYC) requirements, and consumer protections set forth by the Bank Secrecy Act (BSA), the New York Banking Law, and the NYDFS. This process also included an overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.

  4. Yes

1 Like
#23
  1. Gemini also supports Bitcoin and Ether.
  2. “Bitcoin is digital gold, and Zcash is digital cash.”
  3. The Zcash approval process included an overview of Zcash technology and a comprehensive plan describing Gemini’s ability to deal with any issues that might come up due to their supporting Zcash.
  4. At the time the article was written they did support shielded deposits and were working on supporting shielded withdrawals in the future.
1 Like
#24

  1. What other currencies does Gemini support?
    bitcoin and ether

  2. Finish the quote: “Bitcoin is digital gold, and Zcash is digital cash.”

  3. What does the NYDFS approval process entail?
    This process included an overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.

  4. Does Gemini support shielded addresses?
    Gemini will support deposits from unshielded or shielded addresses, but will only support withdrawals to unshielded addresses. We are working to support withdrawals to shielded addresses in the future.

1 Like
#25

  1. What other currencies does Gemini support?
    btc eth

  2. Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”
    gold cash

  3. What does the NYDFS approval process entail?
    The NYDFS approval process entails compliance with AML laws, KYC requirements, and consumer protections set forth by the BSA, New York Banking Law, and NYDFS—but AML, KYC, and “consumer protections” at best are exercises in inefficiency and in actuality are antithetical to the crypto/cypherpunk ethos.

  4. Does Gemini support shielded addresses?
    At launch, Gemini will support deposits from unshielded or shielded addresses, but will only support withdrawals to unshielded addresses. We are working to support withdrawals to shielded addresses in the future.

1 Like
#26
  1. Eth + BTC
  2. Bitcoin is digital gold, and Zcash is digital cash
  3. “This process included an overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.”
  4. Yes unless withdrawing.
1 Like
#27

1 - What other currencies does Gemini support?

BTCUSD, ETHUSD, BCHUSD, LTCUSD, LINKUSD, ZECUSD, MKRUSD, BATUSD,
OMGUSD, ZRXUSD, OXTUSD, ENJUSD, KNCUSD, DAIUSD, FXCUSD, NMRUSD,
MANAUSD, GNTUSD, STORJUSD, LOOMUSD, BRDUSD, RFRUSD, CSPUSD, FILUSD

2 - Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”

Bitcoin is digital gold,

Zcash is digital cash.

3 - What does the NYDFS approval process entail?

NYDFS approval process included an overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.

4 - Does Gemini support shielded addresses?

At launch, Gemini stated that it will support deposits from unshielded or shielded addresses, but will only support withdrawals to unshielded addresses. We are working to support withdrawals to shielded addresses in the future.

1 Like
#28

#1 - What other currencies does Gemini support?
BTC & ETH

#2 - Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”
“Bitcoin is digital gold, and Zcash is digital cash.”

#3 - What does the NYDFS approval process entail?
AML, KYC, BSA :smiley:

#4 - Does Gemini support shielded addresses?
:white_check_mark: yes

1 Like
#29

  1. Gemini also supports Bitcoin and Etherium.

  2. Bitcoin is digital Gold, and Zcash is digital Cash.

  3. The NYDFS, New York State Department of Financial Services, approval process entails KYC - Know Your Customer, must encompass all AML - Anti-money Laundering Laws and Consumer Protections set in place by The BSA - Bank Secrecy Act, The New York Banking Law and NYDFS.

  4. Gemini supports deposits from shielded addresses but not withdrawals to shielded addresses.

1 Like
#30

  1. As of now: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Chainlink, Zcash, Maker, BAT, OmiseGo, 0x, Orchid, Enjin, Kyber, DAI, Flexacoin, Numeraire, Decentraland, Golem, Storj, Loom, Bread, Refereum, Caspian, Filecoin

  2. Bitcoin is digital gold and Zcash is digital cash

  3. The process contains: Meet all the requirements regarding fiduciary obligations and banking compliance standards which includes AML, KYC and other consumer protections. Furthermore, they had to give an overview of the ZCash technology and a comprehensive plan which described Geminis ability to solve all the speficif challenge which resulting in adding this new virtual commidity

  4. At first it is possible to receive deposits from unshielded and shielded addresses, but withdrawals are only allowed to unshielded addresses. In the future they also want to enable withdrawals to shielded addresses.

1 Like
#31

• Bitcoin and Ether.
• “Bitcoin is digital gold, and Zcash is digital cash”.
• Adhering to all the laws and regulation like KYC, AML, BSA, also to the extensive approval process from the NYDFS.
• Gemini supports shielded addresses from deposits only.

1 Like
#32

  1. What other currencies does Gemini support?
    BTC, ETH, DAI and many other currecies

  2. Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”
    Bitcoin is digital Gold and ZCash is digital Cash.

  3. What does the NYDFS approval process entail?
    Anti Money Laundrey (AML) (KYC)

  4. Does Gemini support shielded addresses?
    Yes only for deposits, not for withdrawing.

1 Like
#33
  1. When the article was written, in addition to Zcash also Bitcoin and Ether
  2. Bitcoin is digital gold and Zcash is digital cash.
  3. An overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.
  4. Yes, it supports them. But as far as withdrawal is concerned, this is not supported for shielded addresses. (When the article was written)
1 Like
#34
  1. What other currencies does Gemini support?

BTC, ETH

  1. Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”

“Bitcoin is digital gold, and Zcash is digital cash.”

  1. What does the NYDFS approval process entail?

Must be compilant to KYC and AML.

  1. Does Gemini support shielded addresses?

Not for now.

1 Like
#35

image
image688×722 145 KB

1 Like
#36

1. What other currencies does Gemini support?
BTC, ETH, BCH, ZEC, LTC… https://gemini.com/prices

2. Finish the quote: “Bitcoin is digital _____, and Zcash is digital _____.”
Gold, Cash

3. What does the NYDFS approval process entail?
All compliance standards had to be met (AML, KYC, CP).
In addition, this process included an overview of the Zcash technology and a comprehensive plan that described Gemini’s ability to adequately meet any specific challenges posed by the addition of this new virtual commodity.

4. Does Gemini support shielded addresses?
For deposits only.

1 Like
#37

  1. At the time of writing the other currencies Gemini supported were Bitcoin and Ether.

  2. Bitcoin is digital gold and Zcash is digital cash.

  3. The NYDFS approval process entails an overview of the Zcash technology and a comprehensive plan which describes Gemini’s ability to meet the specific challenges posed by the addition of the new Zcash currency.

  4. Yes, Gemini does support shielded addresses, but only for deposits. It does not support withdrawals to shielded addresses.

1 Like
#38

  1. Gemini announced support for Zcash trading and custody. Gemini-is-now-the-worlds-first-licensed-zcash-exchange/). This marks only the third virtual commodity added to the Gemini platform, after bitcoin and ether.

  2. Bitcoin is digital gold and Zcash is digital cash.

  3. Gemini went through an extensive approval process with the NYDFS prior to adding support for Zcash. This process included being KYC and AML compliant.

  4. At launch, Gemini will support deposits from unshielded or shielded addresses, but will only support withdrawals to unshielded addresses. We are working to support withdrawals to shielded addresses in the future.

1 Like
#39
  1. What other currencies does Gemini support?
    Bitcoin and Ether
  2. Finish the quote: “Bitcoin is digital Gold, and Zcash is digital Cash.”
  3. What does the NYDFS approval process entail?
    Gemini is held to the highest level of fiduciary obligations and banking compliance standards, must adhere to all anti-money laundering (AML) laws, know your customer (KYC) requirements, and consumer protections set forth by the Bank Secrecy Act (BSA), the New York Banking Law, and the NYDFS.
  4. Does Gemini support shielded addresses
    At the start, they want to support shielded and unshielded addresses, and withdrawals only to shielded addressed.
1 Like
#40
  1. At the writing of the article only BTC and ETH. After ZCash many others have been added up until the present day.
  2. Bitcoin is digital gold, and ZCash is digital cash.
  3. It entails KYC, AML, and BSA.
  4. Shielded addresses are only supported for deposits, they are planning to add that feature for withdrawals in the future.