Definition ∞ E-money authorization is the official permission granted by regulatory authorities to entities that wish to issue electronic money. This licensure ensures that the issuer complies with specific capital, operational, and consumer protection requirements. It permits firms to hold customer funds and facilitate digital payments. This process is crucial for establishing trust and stability in electronic payment systems.
Context ∞ The regulatory landscape for e-money authorization is highly pertinent to stablecoin issuers, who often operate as electronic money institutions. Jurisdictions are adapting their frameworks to address the unique characteristics and risks associated with these digital assets. This area remains a focal point for ensuring consumer safety and financial system integrity within the digital economy.
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