cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start
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cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start [2022/05/19 01:36] nick |
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q16:start [2022/06/17 19:23] (current) terrance |
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| | [[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> | ||
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| - 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 [[cbdc:public: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 ==== | ||
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| [[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.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 ]] report called [[cbdc:public:cbdc_omg:04_doc:12_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> | ||
| 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.1652938578.txt.gz · Last modified: 2022/05/19 01:36 by nick
