M^0

Background

As the M0 network continues to grow and find demand across the globe, and with the recent passing of the GENIUS act in the United States, ecosystem actors are interested in seeing the broadening of approved jurisdictions. In order to facilitate the onboarding of compliant Minters and collateral storage structures in the future, this proposal recommends the addition of the United States of America as an approved jurisdiction.

Proposed Changes

Change #1

Section: 3.4. Approved Jurisdictions

Old: Given the current technological conditions, and the nature of the Eligible Collateral proposed by the Adopted Guidance, any form of collateral shall only be recognized as Eligible Collateral by the Validator if the SPV is located in one of the jurisdictions listed below:

• Luxembourg
• The Cayman Islands

New: Given the current technological conditions, and the nature of the Eligible Collateral proposed by the Adopted Guidance, any form of collateral shall only be recognized as Eligible Collateral by the Validator if the Collateral Storage is located in one of the jurisdictions listed below:

• Luxembourg
• The Cayman Islands
• United States of America

Ratification of the Present Proposal

The execution of the present proposal shall follow the streamlined Adopted Guidance change process. In such a case - and assuming no other conflicting changes to the Adopted Guidance are proposed in this cycle, the changes mentioned above will have resulted in the proposed version 1.50 of the Adopted Guidance document, as found in the link below. Upon approval of the present proposal, the ratified version of the Adopted Guidance will be updated on https://docs.m0.org, and communicated to ecosystem actors.

https://github.com/m0-foundation/adopted-guidance/blob/main/m0_adopted_guidance_v1.50.pdf

New document hash f171a7c05bdd1e39a14d4799deda12f632195a64014b49688f10c5e3a7a7c28f.

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