Documentation of means of exchange and units of measurement.
Members may generally use all means of payment for internal and mutual transactions, unless they have been expressly excluded by the umbrella organization.
For cross-regional transactions –
the preferred means of exchange are precious metal-based currencies:
- SiTa “Silver Coins & Token” (1 SiTa = 1 oz Fine Silver .999) Issued by V21 777
- GoTa “Gold Coins & Token” (1 GoTa = 1 oz Fine Gold .999) Issued by V21 777
- gSilber “Silver Coins & Token” (1 gSilber = 1g. Fine Silver .999) Issued by V21 KUK
- gGold “Gold Coins & Token” (1 gGold = 1g Fine Gold .999) Issued by V21 KUK
- PAXG “Gold Token” (1 PAXG = 1 oz Fine Gold .999) Issued by Paxos
Fiat currencies that may also be used:
- CHF (Swiss franc)
- EUR (EU euro)
- USD (US dollar)
- Others, if they are not on the exclusion list
Currencies that are excluded:
- E-Mark – (Reason: KRD claims exclusive rights)
- Crypto-Coins except stable Coins like USDT, PAXG, etc. …
Possible reasons for exclusion are:
a) High volatility: If the value of the means of payment is subject to strong and unpredictable fluctuations that make stable pricing difficult.
b) Lack of transparency: If the origin, quantity in circulation or ownership structure cannot be traced or is deliberately concealed.
c) Risk of misuse: If the means of payment is demonstrably linked to systematic fraud, money laundering or other criminal activities or is highly susceptible to misuse.
d) Technical unreliability: If the means of payment is not permanently available or is technically immature.
e) Worthless or speculative constructs: When a means of payment has no traceable intrinsic value or is based solely on speculative mechanisms.