https://www.digitaldollarproject.org/exploring-a-us-cbdc
A formal response can be provided to the Digital Dollar Project on their Whitepaper.
To bootstrap that we have a bunch of questions that came up during the meeting of . A link to the the meeting minutes and recordings is provided.
Please volunteer to take up one of these topics and prepare your response based on your reading of the DDP whitepaper.
We can follow through on sending this response into the DDP.
Questions:
- Interoperability. Answer: use standards
- Privacy vs AML/KYC - (see above) Stephane Mouy: One question - How does this proposal 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?
- How does it co-exist with cash? - RonQ
- Peer to peer without eventual reconciliation.
- Focus on payments infrastructure.
- Two tier system vs direct claims - tokens migrating- distribution of cbdc through ATMs