- Due Diligence
- Magic Machine Requirements
- Seems to be a miscommunication with registrant, we’ve sent over most of the things they’re asking for again
- Cayman Foundation Company Requirements
- We are also seeing duplicate requests for things we’ve already submitted
- Registrant is asking for some clarification on how the assets will be held
- Meeting scheduled for 10/18 to discuss delays with registrant and miscommunications
- Governance and Reporting
- Define process to registrant for accepting large amount of funds and ensuring we can legally receive them
- KYC will be required for donations of $15k or more
- We will need to determine what kind of paperwork will need to be given to large donors for their taxes
- A bank account in the caymans will most likely need to be created to handle fiat payments for entities that can’t accept crypto
- We will need to confirm if we need to do FATCA,CRS, or Economic substance reporting with legal
- Election process accompanying document
- Breakdown of all options considered, their pros, cons, and our position
- Needs to be reviewed by team before publication
- Simplify the verbiage of the current draft
- Minimize the amount of time candidates spend campaigning for roles, focus on building
- Complete the transition from discourse to discord forums when proposals reopen
- A backup of discourse has been taken
Action Items
- Team to complete edits of election process blog post for approval on 10/24