Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

EIP-2020: E-Money Standard Token #2407

Closed
daniel-iobuilders opened this issue Nov 28, 2019 · 2 comments
Closed

EIP-2020: E-Money Standard Token #2407

daniel-iobuilders opened this issue Nov 28, 2019 · 2 comments
Labels

Comments

@daniel-iobuilders
Copy link
Contributor

@daniel-iobuilders daniel-iobuilders commented Nov 28, 2019

The E-Money Standard Token aims to enable the issuance of regulated electronic money on blockchain networks, and its practical usage in real financial applications.

Financial institutions work today with electronic systems which hold account balances in databases on core banking systems. In order for an institution to be allowed to maintain records of client balances segregated and available for clients, such institution must be regulated under a known legal framework and must possess a license to do so. Maintaining a license under regulatory supervision entails ensuring compliance (i.e. performing KYC on all clients and ensuring good AML practices before allowing transactions) and demonstrating technical and operational solvency through periodic audits, so clients depositing funds with the institution can rest assured that their money is safe.

The corresponding PR can be found here: #2020

@github-actions
Copy link

@github-actions github-actions bot commented Nov 20, 2021

There has been no activity on this issue for two months. It will be closed in a week if no further activity occurs. If you would like to move this EIP forward, please respond to any outstanding feedback or add a comment indicating that you have addressed all required feedback and are ready for a review.

@github-actions github-actions bot added the stale label Nov 20, 2021
@github-actions
Copy link

@github-actions github-actions bot commented Dec 4, 2021

This issue was closed due to inactivity. If you are still pursuing it, feel free to reopen it and respond to any feedback or request a review in a comment.

@github-actions github-actions bot closed this as completed Dec 4, 2021
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
Projects
None yet
Development

No branches or pull requests

1 participant