I think we can agree that the most likely scenario is option 2 - private banks issuing ecash with similar traits to CBDC. This would be a clear signal that the market has recognized the potential of digital currencies and is eager to participate in this emerging industry.

In terms of jurisdictions, we can start by looking at countries where there is already a strong banking sector and a stable regulatory environment. Some examples include Singapore, Switzerland, Luxembourg, and Malta. These countries have already shown an interest in the fintech industry and could be potential partners for ecash issuance.

One possible approach would be to start by partnering with one or more of these jurisdictions to create a pilot project for ecash issuance. The goal would be to test the market, gather feedback from users, and work out any kinks in the system before expanding the initiative to other countries. This could involve working closely with regulators to ensure that the new currency meets all necessary requirements and is subjected to appropriate oversight.

Overall, I believe that ecash issuance has the potential to revolutionize financial services and create new opportunities for innovation and growth. It's an exciting time to be involved in this space, and we look forward to seeing how it evolves over the coming years.