Date

06 May 2020

Attendees

Reports on progress on the various projects and look at future work.

Time	Item	Who	Notes
5 min	Anti-Trust	VB	Anti-trust and other items
15 min	eThaler	VB & MP	Latest status
	AOB

Posting only audio since there was mo presentation.

eThaler Status:

Main phase I objective complete

Custody

David - Hubsecurity - key management platform (ultra secure)- security tokens, smart contract
Multisig approvals- policy manager, hand held device- policy for multi-sig approval process
Multisig is happening at the wallet level- much better before the blockchain
Some do some dont (much more control outside)
Bitco different - custodian service is provided
HS does not provide custodian service- open source not provided
eThaler will be compatible- but the MPC platform is usually proprietary.
Open Source can be extended
Here is the core function of CBDC from a SC , but MPC
France- French bank- they are highly secretive-
Hurdles and requirements for custody etc. is stringent (EU based)
Kirthi - Brexit prevents - EU union is needed, ask legal consultant
Service provider vouched by French Bank
Credit Agricole (DCM contacts?) are not aware due to size of bank.

Standards around custody

Common principles for standards document with TTF
We can start after 1 month or so- integrate into the asset-
Already custody as a standard- token definition compliance function, roles function and limitations
Note about custody to Marley
Wyoming regulation was passed- aspects for custody perspective- critical asks for legal regulations
Wyoming and Switzerland as regulations, specific things (decent list of legal requirements)
SEC & SIFMA(?) control of assets, settlement guarantees, custody functions 15-C3 (SIFMA 19-7 rules? Operable in US markets
Oscar Jofre from Kore Conx - book on digital assets, custody- free thinking of asking him to present
Follow up with Kore Connex

Future presentations

CBDC presentation
Next week Consensus distributed - huge virtual conference Panel with Junji Katto moderating
IEEE - from 8:30 am onwards- HL virtual booth as a sponsor

UI

UI plan to do it? Platform demo by Mani- but does not focus on CBDC
ERC 1155 vs ERC 20 - Fed interaction is better modeled with ERC 1155- Direct payments to the public, 1155 - does not mean we have to implement
What should the UI look like?
Different roles (Central Bank, Dealer A or B)- support
Central Bank : Minting, burning, pause transferring, Register dealer, check the balance, get decimals
Logged in as dealer - cannot mint burn
Ideally should interact with Java Interface+Keystore
Model the UI using the easier to collaborate in eThaler labs.
Simple and intuitive UI is important for testing-
Bonds and Equities -
Help with Bond definition? By Natalia.