E-money, or electronic money, represents monetary value stored electronically on a device or server, issued upon receipt of funds, and accepted as a means of payment by persons other than the issuer. It is typically regulated by financial authorities and backed by fiat currency, providing a digital equivalent to cash. While distinct from decentralized cryptocurrencies, e-money shares the digital transfer characteristic. It serves as a link between traditional payment systems and digital transactions.
Context
News often discusses e-money in the context of central bank digital currencies and stablecoins, examining their regulatory frameworks and potential impact on financial systems. Debates frequently arise concerning the privacy implications and control mechanisms associated with e-money versus decentralized digital assets. The regulation and technological progress of e-money are critical for understanding the future of digital payments.
The Bank of England's proposed systemic stablecoin caps mandate a novel layer of user-level exposure controls, fundamentally restricting market scale and operationalizing risk at the individual account level.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
