> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/title-iv-e-money-tokens-art.-48-48/chapter-1/article-50.md).

# Article 50

|                 |                                                                                 |
| --------------- | ------------------------------------------------------------------------------- |
| **Instrument**  | Regulation (EU) 2023/1114 (MiCA)                                                |
| **Source**      | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) |
| **Status**      | In force                                                                        |
| **Review rule** | Legal-text changes require human review                                         |

### Prohibition of granting interest

1. Notwithstanding Article 12 of Directive 2009/110/EC, [issuers](https://www.mica.wtf/definitions/definitions/mica/issuer) of [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) shall not grant interest in relation to e-money tokens.
2. [Crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) shall not grant interest when providing crypto-asset services related to e-money tokens.
3. For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of an [e-money token](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) holds such e-money token shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of the e-money token, directly from the [issuer](https://www.mica.wtf/definitions/definitions/mica/issuer) or from third parties, and directly associated to the e-money token or from the remuneration or pricing of other products.

### Related

* [crypto-asset service](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service.md) — definition used in this article
* [offer to the public](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offer-to-the-public.md) — definition used in this article
* [electronic money](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/emd2/electronic-money.md) — definition used in this article
* [electronic money](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/electronic-money.md) — definition used in this article
* [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) — definition used in this article
* [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/crypto-asset.md) — definition used in this article
* [issuer](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/issuer.md) — definition used in this article
* [Requirements for the offer to the public or admission to trading of e-money tokens under MiCA](broken://pages/MN9GOLrhkf81WG9wcWkI) — national implementation reference


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