From 4a938ca92c178f9be02ea0327a83ee50b53092e4 Mon Sep 17 00:00:00 2001 From: Christian Grothoff Date: Sun, 26 May 2019 12:33:48 +0200 Subject: typo --- sa/sa.tex | 8 ++++++++ 1 file changed, 8 insertions(+) (limited to 'sa') diff --git a/sa/sa.tex b/sa/sa.tex index 834bdaa..cbfed31 100644 --- a/sa/sa.tex +++ b/sa/sa.tex @@ -840,6 +840,14 @@ and where the limitations on regulation are. \paragraph{What would a regulatory regime need to consider (e.g. how would the CBDC scheme be structured and who would determine the scheme ‘rulebooks’)?} +We can see two possible regulatory regimes, with either the SARB being +soly responsible for the issuance of Taler coins denominated in rand, or +with commercial banks issuing electronic rand. In the latter case, the +commercial banks would be subjected to permanent security audits to +verify that their escrow balance matches the amount of issued electronic +coins. Commercial banks may also have to take out insurance to cover +the potential losses from an attacker compromising their operations. + \paragraph{What potential high-level rules would need to be considered (e.g. participation criterion, chargebacks, liability shifts).} -- cgit v1.2.3