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DispatchFactbookLegislation

by Sawra. . 3 reads.

Bill Financial Framework Act

Financial Framework Act
Author: Sawra

Article 1: Preamble

  • ACKNOWLEDGING that economic gameplay can be an enrichment to the political gameplay which already exists;

  • NOTING that having a Financial system needs the necessary legislative framework,

  • REMINDING that a Financial Framework system needs to be accessible to all, as user-friendly as possible and open to foreign and external partners and regions with the possibility to expand our economic endeavours to the interregional stage.

  • KNOWING that an in-game solution where a currency is created for the Enadian people and the government to exchange with and between private and public people and or organisation, can empower the political playing field in Enadia

Article 2: Definitions'
For the purposes of regulating an equal playing field for all citizens and the government, the purpose of having basic systems and rules in place is necessary to ensure the honest flow of money between people.

  • 'Enadian Central Bank': a NS puppet account administrated by the executive government which shall reserve and manage the public money of the government as collected and which will also be used to transfer money to allocated receivers.

  • 'Trading Cards': the in-game money used to represent a value which can be exchanged between people, groups of organisations.

  • 'economic puppet account': a puppet nation, non-human player which has the sole purpose to solve in-game issues to gain more Trading Cards and thus money, and transfer these gains to a main (or WA) nation active as citizen, basically having two or more time incomes.

  • 'issue-mining':the action of solving issues in game, in order to gain new and more Trading Cards (money).

Article 3: the Prohibition on Issue-mining' & illegal exchange of Trading Cards
In Order to create an equal playing field for citizens and organisations to exchange money with a value which remains valuable without devaluation of that money. The so called printing of money or issue-mining shall be prohibited in set defined circumstances.

  • Each Citizen is allowed to issue-mine on one main Human controlled nation account, without enriching that account trough one or more other puppet accounts.

  • Puppet account(s) can be created, and can be a holder of money/Trading Cards only as a legal entity or organisation. However that organisation or group cannot mine for issue at any time, and each puppet account must be registered too an Enadian citizen(s).

  • the Government cannot as legal entity mine for issues, but only be holder of money as a public or collective property of the State, unless otherwise agreed by and regulated in a interregional economic framework under a Treaty based structure.

  • Foreign exchange of money, outside of Enadia, is strictly Forbidden unless agreed upon by a Treaty-based economic framework between Enadia and the third region under constitutional provisions.

Article 4: the Central Bank
the Collective money of Enadia or the Financial reserves of the Government shall be administrated by a Central Bank and Government department on Finance heading the Central Bank.

Furthermore is the Central Bank tasked with the creation of a Government Budget describing the financial expenditures of the Government and the Income of money by the State, each Budget proposal must be approved by the Legislator in a simple majority vote.

Article 5: Prohibition on slavery
Having a Financial Framework will result in the exchange of money in return for services or work input by individuals, groups or organisation. Therefore agreeing that services granted by individuals or other entities can never be free of charge, both in the public as in the private sphere of labour and work environment. The Government is obligated to pay its civil servants, politicians and or other mandate holders for their contributions to the state. the loans or salary of these people working for government will be defined by law, and for the private exchange of work or services defined in a private contract between the parties.

Article 6: Exchange of Trading Cards
the Flow of money in Enadia shall occur in-game by Trading Cards which shall represent a defined value, season two (2) Trading Cards will be the only official Enadian currency or money used and accepted. the Exchange between individuals or with the State will occur trough 'gifting' (in-game action) of Trading Cards to the other recipient.

The Exchange of Trading Cards rough the in-game market hub will not be seen as a correct exchange of money between payer and the receiver. However each citizen is allowed to enrich themselves with money (TC) through the in-game Market-Hub. Understanding this as the only exception on the rule as is described in article three (3).

Article 7: Registration of private groups or organisation allowed to hold money
Demanding the registration of legal entities, not citizen or persons in Enadia willing to hold money and participate in the Financial system. these Private organisation have to be located in Enadia and form a private entity delivering services and paying employees for in an employee-relationship, these organisation(s) can be further defined by law. The agency administrating the 'Private Organisation Registry' (POR) shall be maintained by the government. Only POR-organisations are allowed to exchange money with Enadians and vis-à-vis.

Article 8: Registration of non-WA Assembly citizens
In order to ensure the equal playing field for citizens, all puppet accounts in Enadia are required to register in a "Citizen Registry" which shall be maintained by the Interior Affairs Department. With the aim of controlling the financial activities abroad and domestic.

Article 9: Judicial Enforcement
the Enadian Commission can investigate breaches against the articles defined above and prepare a court case before the Court to correct illegal financial activities made by private individual(s), group(s) or organisation(s). the judicial enforcement of the Act by the Court shall be at least the confiscation of the illegally added money by the violated and a possible financial penalty (fine) and or other penalty appropriate to the crime.

Sawra

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