electronic money

Definition of electronic money from Directive 2009/110/EC, Article 2, point (2).

Defined term	electronic money
Source	EMD2
Reference	Article 2, point (2)
Status	Published
Refresh rule	Regenerate after source legal-text changes

Definition

(2) 'electronic money' means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

Source

EMD2, Article 2, point (2).

Used In MiCA

• Article 24
• Article 39
• Article 48
• Article 49
• Article 57
• Article 58
• Article 140
• Article 141
• Article 146
• Article 59
• Article 60
• Article 63
• Article 64
• Article 70
• Article 109
• Article 117