‘Financial Framework Treaty
authored by Levantx
A Treaty to create a common (in-game-Gameplay) Financial system and a currency system to enrich politics within the community(ies).
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 economic Community and the government to exchange with and between private and public people and or organisation, can empower the political playing field in the Assembly of Regions and its partnered economic communities.
Article 1: 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.
‘Union Central Bank'’ an NS puppet account administered by the Commission which shall reserve and manage the public money of the AoR as collective and which will also be used to transfer money to allocated receivers.
‘Central Bank’ an NS puppet account administered by the executive government of a signatory region managed by their respective governments, which shall be the holder of a region’s financiances.
'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).
‘economic community’ the signatory (sovereign) region and or other region or organisation associated to this economic financial system.
Article 2: Prohibition on Issue Mining
the Prohibition on Issue-mining' & illegal exchange of Trading Cards. In Order to create an equal playing field for citizens and private and public organisations to exchange money with a value which remains valuable and tradable without the uncontrolled devaluation of that money. The so-called printing of money or issue-mining shall be prohibited in following defined circumstances.
Each Citizen is allowed to issue-mine on one main Human (WA-nation) 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 registered legal entity or -organisation. However that organisation or group cannot mine itself for issues at any given moment in time, and each puppet account must be registered to an official citizen(s) of one of the economic communities (signatory region).
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 an interregional economic framework under a Treaty based structure.
Foreign exchange of money, outside of another single region of the economic community (all signatory regions), is strictly Forbidden unless agreed upon by a Treaty-based economic framework between one of the regions of the economic community and the third region under its constitutional provisions, in accordance to this Treaty provisions.
Article 3: the Central Bank
the Collective money of a Region better known as the ‘Financial reserves’ of the signatory region shall be administered by a Central Bank and or Government department charged with Financial affairs, heading the Central Bank.
Furthermore is the Central Bank and or Financial executive department tasked with the creation of a Government Budget describing the financial expenditures of the Government and the Income of money by the State. the Central Bank shall be the independent guardian of the Treaty Provision within the Signatory region in accordance to constitutional provision of the signatory region and with respect to the constitutional allocated powers.
Article 4: 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 within the gameplay environment 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 5: Exchange of Trading Cards
the Flow of money in a community and between communities or organisations shall occur in-game by ‘Trading Cards’ which shall represent a defined value, it shall be upon each signatory state to determine which specific cards are acceptable currencies within their borders (season 1 or 2/Commun, Uncommen).
Furthermore shall the Exchange between individuals or with the State only occur through 'gifting' (in-game action) of Trading Cards to the other recipient.
The Exchange of Trading Cards through the in-game market hub will not be seen as a correct exchange of money between players 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 two (2).
Article 6: Registration of other foreign legal money holders
Demanding the registration of all legal entities/organisations, which are not citizens or humans, across the interregional economic community and its partner communities, willing to hold money and to participate in the Financial system.
These Private organisation(s) have to be located in a partner community and or a signatory Region(s) and be a private entity delivering services, these organisation(s) can be further defined by law.
All organisation shall be registered by a signatory region or partner organisation in a 'Private Organisation Registry' (POR) which shall be maintained by the signatory government registering the organisation within its borders. Only POR-organisations are allowed to exchange money with a community citizen(s) or other POR-organisation(s) and vis-à-vis.
Article 7: Registration of non-WA Assembly (puppet) citizens
In order to ensure the equal playing field for (real) citizens, all puppet accounts in the different communities of the Assembly of Regions are required to register in a "Citizen Registry" which shall be maintained by the own signatory region. With the aim of controlling the financial activities abroad and domestic. We encourage all our signatory regions or partner regions to pass legislation to ensure secure citizenship which verifies the real humans/persons and prevent puppet usages. Most encouraged an exclusive WA-badge citizenship standard.
Article 8: Signatory Region or Partner region
Any Signatory region to this Treaty is obliged to create a financial system within its own borders upholding the key principles in this Treaty. A created intergovernmental monitoring body can be created within the Treaty provision with the aim to defend and organise the economic community.
Article 9: Judicial Enforcement
the Signatory region(s) or partner region(s) can investigate within its scope of jurisdiction, breaches against the articles defined above and prepare a court case before the competent Court to correct illegal financial activities made by private individual(s), group(s) or organisation(s). the judicial enforcement of the Treaty by the Court(s) shall be at least the confiscation of the illegally added money by the violated citizen or organisation and a possible financial penalty (fine) and or other penalty appropriate to the crime.
