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Time

Item

Who

Notes

5 minAnti-Trust & code of conductVB
50 min DDP discussion + Q&AKO& All
5 minAOB

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Recordings

Video

Audio

Links from the chat

DDP and financial inclusion: https://www.forbes.com/sites/vipinbharathan/2020/06/29/digital-dollar-project-in-light-of-recent-congressional-hearings/#73d1c3112dc2
Mani Pillai : https://www.digitaldollarproject.org/exploring-a-us-cbdc
Vipin Bharathan : DDP presentation curated by Accenture next Tuesday the 21st registration link: https://web.cvent.com/event/eabf680b-51c0-4d76-b975-b2e7735548d5/summary?rp=00000000-0000-0000-0000-000000000000
Duncan Johnston-Watt : https://www.isda.org/tag/common-domain-model/

Minutes

Questions:

  1. Interoperability. Answer: use standards
  2. Privacy vs AML/KYC - (see above) Stephane Mouy: One question - How does this proposal

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  1. accommodate Anti-money laundering requirements ? Although the account model no doubt has many limitations and is costly, one benefit is that it puts the onus on established third parties (financial service providers which are regulated entities) to ensure compliance with AML requirements. How would this apply here?

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Questions:

  1. Interoperability. Answer: use standards
  2. Privacy vs AML/KYC - (see above)
  3. How does it co-exist with cash? - RonQ
  4. Peer to peer needs without eventual reconciliation on a ledger.
  5. Focus on payments infrastructure.
  6. Two tier system vs direct claims - tokens migrating- distribution of cbdc through ATMs

The CMSIG can collaborate on a response to the DDP whitepaper. This is totally up to the group.

We will create a page where we can A page to co-ordinate the response to DDP has been created.