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Propose: Closed- vs Open-Loop Classification #36

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ben.stull merged 1 commits from propose/loop-classification into main 2026-06-01 18:51:34 +00:00
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ben.stull commented 2026-06-01 18:51:20 +00:00
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Topic: Closed- vs Open-Loop Classification

Whether stored value is clean store credit or a regulated money-transmission instrument turns on a single line: does value move only among commonly-owned storefronts, or between unaffiliated owners? This RFC defines that closed- versus open-loop classification, keyed to common ownership rather than storefront count. It documents the regulatory line the two-tier model rests on — it does not clear it, which remains a legal matter for counsel.

On-behalf-of: Ben Stull <ben.stull>

**Topic:** Closed- vs Open-Loop Classification Whether stored value is clean store credit or a regulated money-transmission instrument turns on a single line: does value move only among commonly-owned storefronts, or between unaffiliated owners? This RFC defines that closed- versus open-loop classification, keyed to common ownership rather than storefront count. It documents the regulatory line the two-tier model rests on — it does not clear it, which remains a legal matter for counsel. On-behalf-of: Ben Stull <ben.stull>
ben.stull added 1 commit 2026-06-01 18:51:20 +00:00
Propose: Closed- vs Open-Loop Classification b2a7687581 
On-behalf-of: Ben Stull <ben.stull>
ben.stull added 1 commit 2026-06-01 18:51:21 +00:00
Propose: Closed- vs Open-Loop Classification b2a7687581 
On-behalf-of: Ben Stull <ben.stull>
ben.stull merged commit 6268d70b88 into main 2026-06-01 18:51:34 +00:00
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Reference: wiggleverse/ohm-content#36
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