For immediate Release
Catawba Digital Economic Zone
Zone Authority Commission
June 22nd, 2023
The Catawba Nation, a sovereign federally recognized tribal government, established the groundbreaking Catawba Digital Economic Zone – CDEZ. The CDEZ is a special jurisdiction within the Catawba Reservation designed to empower emerging digital technology companies.
The CDEZ’s most recent achievement is the enactment of the Banking and Financial Services Code. The Banking Code is a “best-of-all-worlds” legal framework that synthesizes the strengths of the financial codes from South Dakota, North Dakota, and Wyoming. These states have shown a firm commitment to consumer protection and responsible innovation, values upheld at the CDEZ.
To bring this code to life and further cement the CDEZ’s position as an innovative jurisdiction for the modern economy, the CDEZ is extending an invitation to potential regulators and financial experts to be part of the CDEZ Banking Commission.
Banking Commissioners will help shape the regulatory landscape for banks and other financial entities within the jurisdiction. This includes authorizing banking practices, granting bank charters, and maintaining competitive equality among all financial institutions.
The Commission will also be responsible for overseeing changes in bank operations, including mergers, branch openings and closings, and changes in location. Periodic examinations of all financial institutions under the Commission’s jurisdiction will be conducted to ensure adherence to our high standards of regulatory compliance.
Furthermore, the Commission has the authority to enforce disciplinary actions when necessary, such as the removal of any director, officer, or employee of a bank engaged in unlawful banking activity, unsafe practices, or in violation of laws or regulations. This underscores the CDEZ’s commitment to maintaining the integrity and stability of the financial sector within the CDEZ.
Commissioner expertise will be instrumental in the development of a robust digital banking system. Applicants will be at the forefront of harmonizing traditional and digital banking practices, ensuring the stability of the financial system while fostering innovation.
Seasoned applicants with a background in policymaking, financial regulations, and banking are welcomed. For more information, visit our website, and review our Catawba Banking And Financial Services Code Guide.
Channels
The Zone Authority accepts recommendations and applications for Banking Commissioners through its Discord Server, website form and email. The relevant links and addresses to respond can be found below:
- CDEZ Discord Server
- Online Form
- contact@zoneauthority.io