New York State Department of Financial Services approved the Articles of Organization for Gemini bitcoin exchange. The exchange was founded by Tyler and Cameron Winklevoss.

According to CoinDesk, the regulator approved articles on 23 of September.

Tyler Winklevoss told CoinDesk that the approval allows Gemini Trust Company to act as an established entity. It will also help Gemini to formalize relations with future clients.

“We are working with federal and state governments to launch in full compliance with all bitcoin regulations and consumer protection laws,” says the bitcoin exchange.

The company invites future clients to subscribe for early access. “We work exclusively with American banks; your dollars never leave the country.”

Winklevoss twins announced the launch of the “next generation” fully regulated bitcoin exchange last January. The new platform is fully compliant with the BitLicense regulations and linked exclusively to regulated banks in the United States. Winklevoss are major venture capital investors who, according to some rumors, own 1% of world bitcoins.

In July 2015 Winklevoss brothers filed an application with the New York State Department of Financial Services on behalf of Gemini Trust Company, LLC.

Only one bitcoin company managed to finish this procedure earlier this year. In May ItBit became the first bitcoin exchange to operate legally in the U.S. having received a license from the NYDFS. The company filed the application in February 2015.

Roman Korizky, Nadya Krasnushkina