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| Time | Item | Who | Notes |
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| 5 min | Anti-Trust & Code of Conduct | VB | |
| 25 min | Regulatory Matrix | RQ | prelim matrix |
| 25 min | eThaler Status | MP & VB | status |
The work on the survey of CBDC efforts that I VB hoped to present will be deferred since I have had to pause that work..
Recordings
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Anti-Trust & Code of Conduct
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Jim: Right that people will draw conclusions. Not technically inaccurate. But not full picture for a business sense.
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| Creating as PoC from TTI framework. Token use behaviors they set up. Generating artifacts from that. Bridging to actual implementation in Besu. Chose 11 55, not a single token framework. Can create multiple variations of the same token. Meant as a CDBC. First, modeling wholesale CDBC. What that means is the Central Bank can issue and burn tokens (CDBC). They can also transfer to registered dealers. Presuming other end of the transfer will happen offchain. Dealers can transfer tokens to each other without going to the fed. Tokens have value because Fed minted. Stick to TTI TTF core principles - original goal of only involving Central Bank and dealers. Also making sure interactions are controlled by some amount of regulation - if CB wanted to suspend or pause tokens. Enough of CB to have control in situation of a volatile market. Multiple types of tokens under one framework. CDBC, commercial bank (issue own token for own clients), and more. For institutional marketplace. |
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| Fed can transfer to any registered account. Dealers can only transfer from his account to another. Subtle checks in place. Can check balances - a Dealer can check own balance and Fed can check the balance on any registered account. Token definition - parameters, number of decimals, tied to TTF specification (URL), what are characteristics of a token. URL can see details of specifications of tokens as approved by TTI. |
| For example - function pause - no further minting possible. A mechanism by which you can handle unforeseen circumstances such as a bug in the code - a huge amount of volatility in the market beyond certain levels. It can only be called by Central Bank. Once paused, can't be minted, burned, or transferred. The only possible call after Pause is Resume. Operations start again. |
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Ravi: Whitelisting of network participants? Considering in scope?
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