{
  "tool_id": "art-57-deposit-token-compliance-validator",
  "note": "golden_hash empty until first `node golden-parity.test.mjs --update`.",
  "vectors": [
    {
      "name": "default-inputs",
      "policy_parameters": {},
      "output_payload": {
        "token_class": "unclear",
        "classification": "DEPOSIT_TOKEN_MISCLASSIFIED",
        "classification_grade": "F",
        "test_results": {
          "redemption": {
            "result": "UNCLEAR",
            "note": "Redemption basis is unclear — verify with issuer legal counsel."
          },
          "liability": {
            "result": "FAIL",
            "note": "Segregated-reserve structure is characteristic of a reserve-backed stablecoin (e.g. MiCA EMT), not a bank deposit."
          },
          "eligibility": {
            "result": "FAIL",
            "note": "Open / unrestricted holders — not consistent with a bank deposit token; assess as e-money token or stablecoin."
          },
          "insurance": {
            "result": "INFO",
            "note": "No deposit insurance — verify regulatory treatment and investor disclosure."
          }
        },
        "applicable_regime": "Other: Verify applicable central-bank, deposit-insurance, and e-money/stablecoin legislation in this jurisdiction.",
        "capital_accounting_note": "Classification unclear or misidentified — capital and accounting treatment depends on reclassification result. Stablecoin/EMT = MiCA Art. 48+ regime (EU) or GENIUS Act (US). Verify with current guidance.",
        "remediation_checklist": [
          {
            "test": "redemption",
            "issue": "Redemption basis is unclear — verify with issuer legal counsel.",
            "action": "Confirm at-par-on-demand redemption with issuer legal counsel."
          },
          {
            "test": "liability",
            "issue": "Segregated-reserve structure is characteristic of a reserve-backed stablecoin (e.g. MiCA EMT), not a bank deposit.",
            "action": "Confirm on-balance-sheet classification with issuer. If segregated-reserve: token is a stablecoin/EMT, not a deposit."
          },
          {
            "test": "eligibility",
            "issue": "Open / unrestricted holders — not consistent with a bank deposit token; assess as e-money token or stablecoin.",
            "action": "Restrict token holders to allowlisted wholesale counterparties or recategorise as EMT."
          }
        ],
        "status_asof": "2026-06-20 — verify US deposit law, MiCA EMT Arts. 48+, UK RLN model, and FDIC/FCA/EBA guidance against current primary sources",
        "note": "Educational deposit-token compliance validator. A deposit token is a bank liability, NOT a reserve-backed e-money instrument. Distinct from Wave 8 Canton tokenized-asset layer and from Tempo/Arc stablecoin tools. Not legal, capital, or accounting advice."
      },
      "golden_hash": "b9f2fc2d689dd65e2400d91142dda92b82841c0a72b50f665b29a28ad7943a00"
    }
  ]
}