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Bill: 4326/001/CDP/Currency Modernisation Act II
Details
Submitted by[?]: 憲法民主党 (Kenpō Minshutō)
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 4327
Description[?]:
| Reproposing the same bill. We propose the following: -A central bank shall be established to regulate and issue currency -That the central bank be removed from direct legislative control but its governors and executive board shall be appointed by the government -That the central bank shall issue a state-sanctioned crypto-currency |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the national legislature.
Current: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Proposed: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Article 3
Proposal[?] to change Government policy on cryptocurrency.
Old value:: The national government leaves policy on cryptocurrency to local governments
Current: Cryptocurrency is illegal.
Proposed: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Debate
These messages have been posted to debate on this bill:
| Date | 21:59:02, January 01, 2018 CET | From |  Jiyū Party of Sekouo (自由党) | To | Debating the 4326/001/CDP/Currency Modernisation Act II |
| Message | We oppose government banks and cryptocurrency is meant to be an alternative to government controlled currencies and should be viewed more as a commodity than a currency and should be left to the private sphere |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 199 | ||||
| no |
Total Seats: 278 | ||||
| abstain |
Total Seats: 0 |
| Random fact: When elections in a country are held, all bills in the voting phase are reset to the debate phase. |
| Random quote: "An "acceptable" level of unemployment means that the government economist to whom it is acceptable still has a job." - Author Unknown |