Regulatory Concept
The global political, economic and social order is not the result of concensus on the part of the African but a direct effect of conquest and concessions made by negotiators who maintained an upperhand and the safety of double dealing under the cover of military might and influence of the global order including organizations like the United Nations, World Bank, World Trade Organization etc.
The African was forced to accept managed concessions negotiated under duress with great power. We there base or regulatory framework on the universal principle of a "right to self determination" arguing that the African has a right to propose his own world order in finance.
Regulatory Framework
SOVEREIGNTY
ALUSIUWA functions as an independent "Sovereign" institution "Sovereign by communion" wherefore the users, corporations, financial institutions and governments who chose to participate in its use, elect to be legally bound by its independent legislations and to defend its autonomy at all junctures.
In its very design and subsequent dispensation, ALUSIUWA is designed to be paired and synergized with actual value creation and the perpertuation of trade, innovation and labour productivity on the African continent.
REACTION TO COLONIALISM AND GLOBAL
HEGEMONY
Designed with the understanding of the
rigged system of global finance and aware
of the risks of extra-territorial sanctions by
hegemonic powers including the U.S.A,
Canada, United Kingdom, European Union
etc. It makes it clear that it does not at any
time transact in the following currencies (U.
S Dollar, Pounds Sterling and/or Euro),
however it rates and values the currencies
and transacts its mirror value in any local
currency of the nations in which it operates.
We will be design resist 3rd party
regulations and accept only parity with
regulations guiding international
engagements between sovereign entities.
As such we will adhere by "choice" to the
norms of each nations laws guiding the
transaction in foreign exchange, existing as
a foreign currency in all jurisdictions with
not prejudices to any nation state, but
housing major operations in line with the
righteous accommodation of host nations
and their dutiful respect of our sovereignty.
LOCAL IN NATION OPERATIONS
ALUSIUWA does not consider itself a "security" within the purview of definitions by "most" global securities and exchange commissions. It considers itself a "currency" that is a legally defined means of exchange with tangible, real world valued backed in full by a sovereign issuing authority. This said, where clear regulations exist in jurisdictions that allow legal functions, protections and exchange in each local market, the role of of the currency and its local use and definition can be adapted for effective integration and user protections pending the advancement of negotiated convertibility and legal status with local authorities.
In regulatory framework and in practice, ALUSIUWA does not seek to undermine local authority and will insist on adherence to local laws and ethics while ensuring its own general sovereignty without compromise.
Local transactions will be treated with the applicable laws that apply to other global currencies including in records, transparency, investigative disclosure, customer identification protocols etc., except where conflicts emerge with out internal systems archecture, the balance of rules across jurisdictions and a general commitment to individual rights to privacy, where crime is not evident.
Local transactions will be with respect to local currency and we will not seek to trade as legal tender without negotiations with individual states, furthermore we will only use ALUSIUWA as the cross border means of value appraisal but will transact in all countries in national currencies.
Country by Country
ALUSIUWA has no intention to insult the laws of any country and while adapting a genuinely "Sovereign" framework we will work with each and every country to maintain rule of law and support generally accepted norms like Prevention of Money Laundering, Fraud, Extortion, Terrorism Finance etc.
We will do this in partnership and never under the weight of intimidations, threats or corrupt limitations on our activities.
This includes respect for outflow controls, repatriation rules and the legal norms of each country as agreed upon by their citizenry.
This will not include any concessions to IMF, World Bank, W.T.O or any other external actors, as this negates our mission to insist on independent development of African Financial Models.
Approach to each nation/region
ALUSIUWA means Aggregated, Liberated, Unified, Secure, Instrument for Universal Wealth Adjudication. In essence it is an independent, transnational, sovereign gauge of monetary value that takes its evaluation of currency and asset value from a proprietary suite of inhouse assets, namely;