TCT-Law/monetary.tex

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% Original: 4th Jul. 2020
% Amendment: 9th Jan. 2021; investiture of Juris

\begin{document}
	\settitle{Monetary Law}
	\setdate{As amended: 9th Jan. 2021}
	
	\generateHeader
	
	\textbf{*CONSOLIDATED TEXT*}
	
	\introduction{WE, \textbf{the Citizens of the Crafty Table}, BY THE GRACE OF KIPJE, the Sovereign Rulers of the Realm, hereby declare, to all whom shall hear or see, are to know: \bigskip%
		
		having held a special vote on the future of the server; having decided to introduce a monetary item-based currency into the New World; having concluded that such a currency will require appropriate regulation in order to prevent abuse; having received a proposal for such regulations by her Majesty's Royal Administration;\bigskip%
		
		having concluded as such we shall here, having heard the advice of the Administration, in unison with the Legislature, declare into Law the following text. Let it be published by the Administration as follows: \bigskip}%
	
	\chapter{Enactment}
	\article{Definitions}{When referring to 'CTCB' in this Law, it shall mean the Crafty Table Central Bank, as established in this Law.}
	
	\article{Purpose}{\begin{enumerate}
			\item This Law shall provide the creation of the institute of the Crafty Table Central Bank.
			\item This Law shall regulate the distribution and creation of the currency of CraftyCoins.
			\item This Law provides general rules on Monetary Law.
			\item This Law creates the crimes of Forgery, Fraud and Administrative Abuse within the context of Monetary Law.
	\end{enumerate}}

	\article{Referral}{CraftyCoins may be referred to by the shortening code of 'cc'. This code may not be used for any other purpose within the context of economic or monetary communication.}
	
	\chapter{The Crafty Table Central Bank}
	\article{Creation}{This Law establishes the Crafty Table Central Bank. Its purpose is to collect and distribute CraftyCoins in compliance with this Law. It shall promote the use of CraftyCoins and it shall promote economic growth through investment.}
	
	\article{Vanilla Exemption}{The CTCB may utilize any such methods which are not necessarily part of the vanilla survival experience if such methods are required for the execution of policy in accordance with this Law.}
	
	\article{Organization}{The CTCB shall consist of the Office of the Director General of the CTCB; the Printing Press; and the Automatika Office.
	\begin{enumerate}
		\item The Office of the Director General of the CTCB shall create regulations on the creation and placement of CTCB Automatika; may order the creation of imbalances on the budget; report every month to the Council with monetary status reports; and shall regulate the CTCB as a whole.
		%\item The Office of the Director General is led by the Director General, which is appointed by administrative decree for a term of 3 months.
		\item The Office of the Director General is led by the Director General, which is appointed by royal decree for a term of 3 months.
		%\item The Director General may be dismissed from office by Administrative decree.
		\item The Director General may be dismissed from office by royal decree.
		\item The Printing Press of the CTCB is responsible for the physical creation and distribution of CraftyCoins. It shall build all automatika that the CTCB requires. Members of the Printing Press are appointed by the Director General.
		\item None in the server, except the Printing Press of the CTCB, may create CraftyCoins.
		\item The Automatika Office of the CTCB is responsible for the placement of automatika throughout the worlds of the Crafty Table. It shall place all automatika in accordance with the regulations of the Office of the Director General. Members of the Automatika Office are appointed by the Director General.
	\end{enumerate}}

	\article{Location}{The Seat of the CTCB shall be appointed by Administrative decree.}
	
	\chapter{The currency of CraftyCoins}
	\article{Definition}{CraftyCoins shall be a physical item entity or container storage, created by the Printing Press of the CTCB, of the type 'minecraft:sunflower', containing a custom item tag as  determined by the Office of the Director General, containing a special colored name to show its validity.}
	
	\article{Loss of Value}{Any CraftyCoin which loses any of the properties as mentioned in the previous article shall lose its status as a CraftyCoin.}
	
	\article{Diamond Standard}{All CraftyCoins are pegged to the value of the item of 'minecraft:diamond'. A CraftyCoin shall be worth exactly 1/10th of a diamond.}
	
	\chapter{Balances and imbalances}
	\article{Balancing with Diamonds}{The CTCB shall attempt to have a diamond reserve of at least the equal value as there are CraftyCoins in circulation in the Crafty Table economy. When the amount of diamonds in the reserve equals the value of CraftyCoins in circulation, the reserve shall be 'balanced'.}
	
	\article{Having imbalances}{The CTCB is obliged to attempt to balance the reserve. If an imbalance exists, the CTCB shall resolve this imbalance as soon as possible.}
	
	\article{Creating imbalances}{The CTCB may, by order of the Office of the Director General, with purpose, create imbalances on the reserve, if and only for the following reasons:\begin{enumerate}
			\item to encourage and strengthen economic trade;
			\item to fund public projects;
			\item to increase availability and circulation of CraftyCoins.
	\end{enumerate}\medskip%
	Any such created imbalance may never exceed a ratio of 1.2. The ratio shall be the worth of CraftyCoins in circulation divided by the value of diamonds in the reserve.}

	\subarticle{Investment by the Administration}{The Administration may request the CTCB to create an imbalance for the purpose of economic investment or the funding of public projects. The Director General shall independently review this request. If approved, the requested amount of CraftyCoins shall be printed and transferred into the account of the Administration.}

	\chapter{Distribution of CraftyCoins}
	\article{Automatika}{The Automatika Office of the CTCB shall place down Automatika around the worlds of the Crafty Table. Automatika shall be machines where players can exchange diamonds for CraftyCoins and CraftyCoins for diamonds, at any and all times.}
	
	\article{Requesting placement}{Any Citizen may request the placement of Automatika at or near their base, by sending a message into the designated Discord channel.\begin{enumerate}
			\item The Automatika placement request shall contain the following details:\begin{enumerate}[label=(\alph*)]
				\item the name of the requesting Citizen,
				\item coordinates for the placement of the Automatika,
				\item the nearest known Automatika to the requesting player.
			\end{enumerate}
			\item The Automatika placement request shall be processed by the Automatika Office within 7 days.
			\item The Automatika Office may refuse the Automatika placement request, if it does not comply with any of the Automatika Placement Regulations made by the Office of the Director General.
			\item The Automatika Office may conditionally accept the request. The Automatika Office may choose different coordinates to place down the Automatika. 
			\item If an Automatika placement request is approved, the Automatika Office shall, within 3 days, place the Automatika at the designated location. Any structures at that location shall be forcibly reclaimed in accordance with the Land Reclamation Law.
	\end{enumerate}}

	\chapter{Crime and Punishment}
	\article{Forgery}{He who, with purpose, creates, possesses, transports, distributes or shares, any item entity or container storage, appearing to be legitimate CraftyCoins, of which he had known or reasonably could have known to be illegitimate, shall be punished with a jail sentence of up to six months.}
	
	\article{Fraud}{He who, with the goal and purpose of enriching themselves or another, by manipulating any of the systems of the CTCB, manages to retrieve more CraftyCoins than they are eligible for; or manages to corrupt any of the systems of the CTCB, shall be punished with a jail sentence of up to six months.}
	
	\article{Administrative Abuse}{A civil servant who, with goal and purpose, acts in violation of this Law or any regulations by the Office of the Director General, shall be punished with a jail sentence of up to three months.}


	\chapter{Final Provisions}
	\article{Lost Currency}{The Office of the Director General shall create regulations in order to determine the amount of 'lost currency', defined as 'currency that is lost due to it being destroyed or forgotten about'. These regulations shall consist of models to determine the actual balance of the reserve.}
	
	\article{Adjudication}{Upon a dispute regarding this Law, the Crafty Court shall adjudicate. The Court may ask a jury of neutral citizens on their opinion on the dispute.}
	
	\article{Amendment}{This Law may be amended by the Crafty Council at any instance. The Crafty Council shall ask the Administration for advice on any amendment.}
	
	\article{Enactment}{This Law shall become active at a by administrative decree defined moment.}
	
	\article{Citation}{This Law shall be cited as the Monetary Law*}
	
	\oldsignature{Juris\_LLM}


	
\end{document}