cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start [2022/05/18 00:28] nick |
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start [2022/06/17 19:23] (current) terrance |
||
|---|---|---|---|
| Line 3: | Line 3: | ||
| | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | ||
| <html><b> | <html><b> | ||
| - | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
| Question: 16. Should the amount of CBDC held by a single end user be subject to quantity limits? | Question: 16. Should the amount of CBDC held by a single end user be subject to quantity limits? | ||
| ">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
| Line 22: | Line 22: | ||
| - If it is a replacement for a bank account or equivalent (i.e, savings, checking, investment, direct pay, credit, debit cards, etc. ): **YES** | - If it is a replacement for a bank account or equivalent (i.e, savings, checking, investment, direct pay, credit, debit cards, etc. ): **YES** | ||
| - | : **Note:** The answer is almost identical to [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:20_comments:dsn:q15#answer | Question: 15. Should a CBDC pay interest? If so, why and how? If not, why not? ]] | + | : **Note:** The answer is almost identical to [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q15:start | Question: 15. Should a CBDC pay interest? If so, why and how? If not, why not? ]] |
| ==== Overview ==== | ==== Overview ==== | ||
| Line 37: | Line 37: | ||
| [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start| Return to Top]] | ||
| - | There is only one requirement in the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start&do=edit | White Paper]] as identified by the identified by the [[https://www.omg.org/ | Object Management Group's ]] report called [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]]: | + | There is only one requirement in the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as identified by the identified by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG report called [[cbdc:public:cbdc_omg:04_doc:12_summary:start | White Paper Analysis]]: |
| <table> | <table> | ||
| - | <caption>Requirements identified in [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]] related to limiting CBDC quantity of CBDC for an End User.</caption> | + | <caption>Requirements identified in [[cbdc:public:cbdc_omg:04_doc:12_summary:start | White Paper Analysis]] related to limiting CBDC quantity of CBDC for an End User.</caption> |
| ^ Statement No. ^ Page No. ^ Statement | | ^ Statement No. ^ Page No. ^ Statement | | ||
| ^ D0003 ^ 18 | Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | | ^ D0003 ^ 18 | Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | | ||
| Line 59: | Line 59: | ||
| ^ Requirement ^ Statement ^ Comment ^ | ^ Requirement ^ Statement ^ Comment ^ | ||
| ^ D0003 ^ Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | Digital Cash should be considered similarly as physical cash. It is impractical to have large amounts of physical cash. For security and safety, rarely does an End User hoard large amounts of physical cash. Using large amounts of cash to make purchases require time to count and validate the cash, and the same limits should be the same for Digital Cash. | | ^ D0003 ^ Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | Digital Cash should be considered similarly as physical cash. It is impractical to have large amounts of physical cash. For security and safety, rarely does an End User hoard large amounts of physical cash. Using large amounts of cash to make purchases require time to count and validate the cash, and the same limits should be the same for Digital Cash. | | ||
| - | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||| | + | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefit_considerations| Benefit Considerations ]] ||| |
| | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] ||| | | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] ||| | ||
| - | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||| | + | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risk_considerations| Risk Considerations ]] ||| |
| - | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||| | + | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design_considerations| Design Considerations]] ||| |
| </table> | </table> | ||
| Line 72: | Line 72: | ||
| ^ Requirement ^ Statement ^ Comment ^ | ^ Requirement ^ Statement ^ Comment ^ | ||
| ^ D0003 ^ Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | Digital Accounts should be considered similar to current intermediary accounts (i.e., checking, savings, certificate of deposit, money market, etc.) held by End Users. | | ^ D0003 ^ Design should allow a limit on the amount of CBDC an end user could accumulate over short periods | Digital Accounts should be considered similar to current intermediary accounts (i.e., checking, savings, certificate of deposit, money market, etc.) held by End Users. | | ||
| - | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||| | + | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefit_considerations| Benefit Considerations ]] ||| |
| | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] ||| | | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] ||| | ||
| - | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||| | + | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risk_considerations| Risk Considerations ]] ||| |
| - | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||| | + | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design_considerations| Design Considerations]] ||| |
| </table> | </table> | ||
cbdc/public/cbdc_omg/04_doc/20_comments/dsn/q16/start.1652848137.txt.gz · Last modified: 2022/05/18 00:28 by nick
