"Cryptocurrency needs the marriage of responsibility and freedom"

In a state society, under the rule of government, we are held responsible to a set of laws to which we did not consent. We are expected to be responsible without being trusted with freedom. There are laws about everything: what imaginary lines we can cross, what we can put into our own bodies. We are not trusted to act on our own authority, and at every turn we are being managed, observed, policed, and, if we step out of line, imprisoned.

The reverse—freedom without responsibility—is not much better, and it forms the mainstream myth of anarchy. Government thrives off this misconception, the idea that it’s only the existence of cops and prisons that keeps us from murdering one another wholesale. But in reality, the people in this world who act with total freedom and no responsibility are those so privileged in our society so as to be above reproach, such as the police and the ultra-rich. Most of the rest of us understand that in order to be free, we must hold ourselves accountable to those we care about and those our actions might impede upon: our communities and families and friends.

So while we can live without rules, doing so allows for the worst of our species—those who for whatever reason seek to blame others for their own mistakes rather than to work on making themselves better humans or who outright hate the fact that they’re alive here with us and will so take it out on anyone they come across.

In the Financial Industry, companies need to be able to track where the money came from, not just the client but where the client’s money came from. This way, businesses can prove their funds weren’t connected to any illegal activities. The San Francisco startup Ripple was already penalized by the Financial Crimes Enforcement Network for failing to register as a “money service business” and meet these requirements when initially selling its XRP tokens.

This is why many large and highly regulated investors can not invest in cryptocurrencies.

CyberTrust is a financial services company providing sales, trading, research, and asset management services for institutional investors. It offers titled and auditable Global Crypto Notes as a traditional investment vehicle. The company’s mission is to open the crypto market to institutional investors who can use the Global Crypto Notes to buy, sell and short cryptocurrencies, as well as create derivative products.

The new Open Securitization Platform, scheduled to launch in Q1 2018, will securitize crypto assets and offer crypto securitization as a service for the first time in history.

As part of its Open Securitization Platform, CyberTrust will allow CABS token holders to convert their raw cryptocurrencies into Global Crypto Notes (GCNs) as a traditional investment vehicle. GCNs will be fully titled and auditable in collaboration with Ernst & Young.

Global Crypto Notes will give their owners a legal claim to their assets, a critical feature which raw crypto doesn’t offer. Moreover, they can do this not only for Bitcoin, but also for Ethereum and Bitcoin Cash. Each GCN will carry an ISIN (International Securities Identification Number), allowing ownership and transfer via normal securities settlement channels.

GCNs will compete with shares of Grayscale’s Bitcoin Investment Trust (OTCQX), which is currently the only bitcoin-based security available to institutional investors. As of November 3rd, GBTC shares were trading at a 42% premium over the underlying net asset value.

Learn more about CyberTrust on their official channels:
Website: https://www.cybertrust.io | Telegram: http://t.me/cybertrustbank