W/out rule change by regulators institutions will be takingon huge risk if they wantto participate in BTC/crypto. As will companies like @Bakkt. So the trillion question is how to create a safe on ramp for inst to participate-hold own keys while keeping their investors money safe
Why financial regulators' third party custody rules are a bad fit for cryptocurrencies.https://twitter.com/CaitlinLong_/status/1035868690535931904 …
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Individual and communal custody have fundamentally different primitives. Individual sovereignty vs fiduciary responsibility. Fair to say that prevalence of self custody in BTC is analogous to voter turnout in a Republic w limited democracy? (Measure of democratic vibrancy?)
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