cbdc:public:cbdc_omg:04_doc:15_common:50_international:30_sovern
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cbdc:public:cbdc_omg:04_doc:15_common:50_international:30_sovern [2022/05/16 18:18] nick ↷ Links adapted because of a move operation |
cbdc:public:cbdc_omg:04_doc:15_common:50_international:30_sovern [2022/06/17 18:17] (current) terrance |
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| ====== 4.6.3 Data Sovereignty ====== | ====== 4.6.3 Data Sovereignty ====== | ||
| - | [[cbdc:public:04_doc:15_common:50_international:start| Return to Top]] | + | |< 100% >| |
| + | | [[cbdc:public:cbdc_omg:04_doc:15_common:50_international:start| International Considerations]] | <WRAP> | ||
| + | <html><b> | ||
| + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: | ||
| + | 4.6.3 Data Sovereignty | ||
| + | |||
| + | ">Provide Feedback</a></b> | ||
| + | </html> | ||
| + | </WRAP> | | ||
| [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:data_sovereignty | Data Sovereignty ]] is concerned with any jurisdictions' laws and regulations covering any data collection or processing done within that jurisdiction, governing the data. **Data Sovereignty** differs from **Data Residency** in that Data Residency reflects a business decision on where to store and process data, often based on **Data Sovereignty** Laws and Regulations applicable to a particular jurisdiction. | [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:data_sovereignty | Data Sovereignty ]] is concerned with any jurisdictions' laws and regulations covering any data collection or processing done within that jurisdiction, governing the data. **Data Sovereignty** differs from **Data Residency** in that Data Residency reflects a business decision on where to store and process data, often based on **Data Sovereignty** Laws and Regulations applicable to a particular jurisdiction. | ||
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| Accessed: 9 April 2022, | Accessed: 9 April 2022, | ||
| [[https://www.theguardian.com/world/interactive/2013/nov/01/snowden-nsa-files-surveillance-revelations-decoded#section/1]] | [[https://www.theguardian.com/world/interactive/2013/nov/01/snowden-nsa-files-surveillance-revelations-decoded#section/1]] | ||
| - | )). The simplest way to look at **Data Sovereignty** is to consider national [[cbdc:public:04_doc:15_common:45_privacy:start| Privacy Considerations]] and preventing data stored in a foreign country from subpoenas by the host country’s government. | + | )). The simplest way to look at **Data Sovereignty** is to consider national [[cbdc:public:cbdc_omg:04_doc:15_common:45_privacy:start| Privacy Considerations]] and preventing data stored in a foreign country from subpoenas by the host country’s government. |
| A globally accepted U.S. CBDC needs to take the Data Sovereignty issues seriously if there is any hope of //"Preserving the dominant international role of the U.S. dollar (**''B0036''**)// | A globally accepted U.S. CBDC needs to take the Data Sovereignty issues seriously if there is any hope of //"Preserving the dominant international role of the U.S. dollar (**''B0036''**)// | ||
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| : //After the DoJ ordered the tech company to grant access to emails stored in Ireland-based servers related to a narcotics investigation in 2013, Microsoft had refused to comply with the Department of Justice’s request.// | : //After the DoJ ordered the tech company to grant access to emails stored in Ireland-based servers related to a narcotics investigation in 2013, Microsoft had refused to comply with the Department of Justice’s request.// | ||
| - | : //Despite that Microsoft stated that complying with the request would break the data privacy laws of the European Union, the initial ruling ordered the company to fulfill the DoJ’s request.// | + | : //Despite that Microsoft stating that complying with the request would break the data privacy laws of the European Union, the initial ruling ordered the company to fulfill the DoJ’s request.// |
| : //However, later on, after Microsoft won the appeal and the DoJ changed its data-related policies.// | : //However, later on, after Microsoft won the appeal and the DoJ changed its data-related policies.// | ||
| - | The adoption of U.S. CBDC could break traditional geopolitical barriers more than ever before, especially depending on the [[cbdc:public:04_doc:15_common:08_currency_models:start| Currency Model]] selected. Depending on the perception of privacy protection of the CBDC, many countries may amend existing laws and regulations or greatly restrict the use of a U.S. CBDC. | + | The adoption of U.S. CBDC could break traditional geopolitical barriers more than ever before, especially depending on the [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:start| Currency Model]] selected. Depending on the perception of privacy protection of the CBDC, many countries may amend existing laws and regulations or greatly restrict the use of a U.S. CBDC. |
| The U.S. CBDC needs to be completely honest and open about where data: | The U.S. CBDC needs to be completely honest and open about where data: | ||
cbdc/public/cbdc_omg/04_doc/15_common/50_international/30_sovern.1652739514.txt.gz · Last modified: 2022/05/16 18:18 by nick
