Date
Attendees
- Manivannan Pillai
- Ron Quaranta
- Jim Mason
- Kumaravel N
- Karen Ottoni
- Tomomi Yamano
- K Kirthi
- Natalia Garciagonzalez
- ravidilse
- sanjay nishank
Goals
Interim progress on all our projects - project leads, please show up.
eThaler project - current status- there are many updates from the last meeting
Other projects- current status- Ron Quaranta may present on the regulatory matrix
Discussion items
| Time | Item | Who | Notes |
|---|---|---|---|
| 5 min | Anti-Trust & Code of Conduct | VB | |
The work on the survey of CBDC efforts that I hoped to present will be deferred since I have had to pause that work.
Minutes
Anti-Trust & Code of Conduct
From ICMA page - also linked to H regulation page
Columns - guidance
Ron - EU only
Natalia - yes, EU, association where most EU banks pay a fee to be in the association for discussion, workshops for workstreams.
Has multiple sheets - says EU, EEA, Non-EU - Vipin looking for pages...
Similar to what we are attempting?
Ron: Organization itself is EU focused. Perhaps non-EU listings. Vipin sees the North America tab.
Level of granularity - agencies, requirements, etc.
Vipin notes it's a big job -
Ron: why uploaded and formatted as he did
Ron - contributed Global Legal Insights - drove information working to categorize. I wanted to break down into more granular columns. Important to look at taxation, securities laws (tokens), money transitioning, licensing (BIT license, NY, NJ). Meant to capture the universe of organizations we know - capital markets, tokens, blockchain. Open to better formatting ideas. Liberally, it comes from GLI research work - public-facing. Critical thing - like with what ICMA has done - a lot of this is evolving quickly. Securities and Exchange Commission digital enforcement page. Needs links to those documents to make this a nonstatic spreadsheet and framework. In Excel - open-source, happy for more input.
Link off of Capital Markets wiki? Available now, downloaded as Excel, opened in Libre Office. Link in Group Chat? On the regulation page. If you go to Projects > Regulation Page
US states have individual regulations - will start integrating states
Layers beyond Legislative perspective - here are the laws and, what's happening now?
ICMA - working on this full time. ICMA interesting page related to C-19. Dimension considering in terms of DLT.
Ravi: From this regulation - a regulation that talks about data protection?
Vipin: EU and other jurisdictions have data protection?
Ron: Do you mean personally identifiable info - a Privacy and PI column may make sense. Citing where applicable. Even at a state-level - CA CCPA for example.
Jim: also approved cryptography standards that vary by jurisdiction as well. Jim, like Sawtooth...
Vipin: interesting article today that linked to Forbes article by Ben Jessel (sp?) about CORDA being the one that meets the standards. It seems to be pretty narrow in...
Jim: Claiming NIST as federal libraries haven't reviewed libraries other than Java. In a sense, technically, the author was right. From a security perspective, they missed the bigger picture. Go Library for SHA256 hasn't been approved. SHA256 would past tests, not a big deal to certify. IBM has Fabric projects in the federal government today. The article failed to mention. Agencies felt not really an issue.
Ron: Ben would be open for a conversation about it.
Jim: What depth do you go into an article. Looking at the study someone else had done, the study went to a certain level of depth. Fine. The article accurately summarized what his report said.
What does that mean?? would have gone beyond what is stated.
It takes a lot to get things past NIST. Not for an article - Jim reached out to NIST with Golang library - looking for feedback from NIST on that item as a follow-up.
Sanjay: Not many people want to go into the details of how done; in business discussions, people will refer back to the article. A study was done and CORDA only platform. They need to get into details of fact as to how this happened.
Jim: Right that people will draw conclusions. Not technically inaccurate. But not full picture for a business sense.