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The E-Money Directive or the electronic money directive (2009/110/EC, originally 2000/46/EC) regulates electronic payment systems in the European Union.The aim is to enable new and secure electronic money services and to foster effective competition between all market participants.
In the European Union, an Electronic Money Institution can be licensed in any country member but can act and provide services in all EU and EEA countries. [6] The legal basis for e-money issuance in the European Union is covered by EU Directive 2009/110/EC, on the taking up, pursuit and prudential supervision of the business of electronic money institutions establishes, issued by the European ...
The Electronic Money Association (EMA) is the trade body for electronic money issuers and innovative payment service providers including payment institutions, banks, and payment schemes. [1] It provides members with a forum to share their experiences and expertise around issues that impact new means of payment.
(The Center Square) – Of the many bills being filed in the Texas legislature to address border-related issues, one would ban taxpayer money from being used to fund legal services for illegal ...
Digital currency can be denominated to a sovereign currency and issued by the issuer responsible to redeem digital money for cash. In that case, digital currency represents electronic money (e-money). Digital currency denominated in its own units of value or with decentralized or automatic issuance will be considered as a virtual currency.
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This is the core element of the legal definition: The term "medium of exchange" is best understood in negative terms and requires that a digital asset is neither e-money as defined by the EU E-Money Directive, [33] nor a payment service or payment instrument as defined by the EU Payment Services Directive II, [34] nor any other means of payment ...
A White House directive to pause federal grants and loans raised uncertainty and fears among many who depend on federal aid before a judge intervened Tuesday to temporarily block it from taking effect.