An email received back today. This will show the direction we are aiming.
Dear Mr. Lievens,
Thank you for your inquiry. The ISO 4217 Maintenance Agency is responsible for maintaining the currency code lists assigned to countries. As a general rule, the need for issuing new codes, shall be evidenced by a substantiated application, which may be submitted by monetary authorities only. Monetary authorities is defined as follow: An authority that has the monetary sovereignty to exercise legal control over the currency of a country or countries and that is entitled to determine the currency unit, the denominations, etc.
In most instances the monetary authority is the central bank of the respective country. Further the standard defines the guidelines for applicants as follows:
The need for issuing new codes, amendments and deletions to the lists shall be evidenced by a substantiated application, which may be submitted by monetary authorities only. The Maintenance Agency shall always consult with an international monetary authority for validation and source of request before implementing the requested change.
Yours faithfully,
Secretariat of the Maintenance Agency
for ISO 4217
c/o SIX Interbank Clearing Ltd
P.O. Box
Hardturmstrasse 201
CH-8021 Zurich
Switzerland
That's brilliant.
"An authority that has the monetary sovereignty to exercise legal control over the currency of a country or countries""In most instances the monetary authority is the central bank of the respective country"...
It's such an archaic approach. You should write back to them asking exactly which 'monetary authority' would be able to provide ISO registration for a decentralized monetary system ?
Using Sovereignty as the basis of 'legal control' is in fact hilarious.
I recently posted about some research I conducted some time ago with regards to 'Nation States' and 'Sovereignty as an Individual'.
See:
https://bitcointalksearch.org/topic/bitnationco-governance-20-or-just-a-stateless-alternative-815529 - Bitnation.co - Governance 2.0 or just a Stateless Alternative ?!?
Basically, in existing International Law, through Polity and Entity it can be put forward that an individual (or group) already has monetary sovereignty on the blockchain.
According to the Montevideo Convention
https://wikipedia.org/wiki/Montevideo_Convention“The state as a person of international law should possess the following qualifications: (a) a permanent population; (b) a defined territory; (c) government; and (d) capacity to enter into relations with the other states.”
The most difficult aspect is in finding an independent or unclaimed territory to become a fully fledged ‘Sovereign Nation’.
https://wikipedia.org/wiki/Terra_nullius“land belonging to no one, which is used in international law to describe territory which has never been subject to the sovereignty of any state, or over which any prior sovereign has expressly or implicitly relinquished sovereignty. Sovereignty over territory which is terra nullius may be acquired through occupation, though in some cases doing so would violate an international law or treaty.”
Polity –
https://wikipedia.org/wiki/Polity“A polity is a state … It is generally understood to mean a geographic area with a corresponding government … body politic was also understood to mean “the physical person of the sovereign:”
Entity –
https://wikipedia.org/wiki/Entity“In law, a legal entity is an entity that is capable of bearing legal rights and obligations, such as a natural person or an artificial person (e.g. business entity or a corporate entity).”
- Even our world leaders have had issues understanding the principals of Sovereignty -
https://www.youtube.com/watch?v=kdimK1onR4o 
...
Perhaps an alternative might be to designate some land or property as " Sterlingland " and to declare it as a Sovereign Micro Nation.
-
https://www.youtube.com/watch?v=syujTp5m5Vk - How To Start Your Own Country - Episode 1 of 6
...
On a more serious note what about the commodities or assets ISO route ? Its interesting to note that Bitcoin is in fact already listed on
http://www.xe.com/ as
XBTAnyway, excellent work in making the 'regulatory authorities' more aware of crypto currencies in general and specifically Sterlingcoin ofc.
