OAX Project Q4 Roadmap Update — Legal and Regulatory Stream

  • Structure and governance for a supporting organisation that -may- operate some aspects of the platform, including but not limited to official positions on security and underlying blockchain structural matters, and facilitation of dispute resolution. Formation of an association has been one proposed model.
  • A governance model for the decentralised platform itself
  • A high level legal framework to support the participation in the platform and eco-system; particularly:
  • Regulator and government engagement as needed and/ or suitable
  • Most jurisdictions are expecting regulatory changes related to exchanges and gateways holding customer moneys; but few industry groups have significal legal projects underway to understand and position for the implications
  • There are many “digital asset only” decentralised exchange protocol projects underway, significant innovation is occurring in this space, however:
  • Structure of the platform and foundation corporate governance and operating model
  • Critical mass ecosystem building of industry partners and community
  • Overall operating model and governance design for the working group, platform, and potential association or other related organisations
  • Global positioning papers on custom moneys, money services, and if relevant, securities laws
  • Deep dive into relevant jurisdictions for early adopters and working group members

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