Definition ∞ E-Money Tokens are a type of digital asset that represents an electronic equivalent of fiat currency, issued on a blockchain. These tokens are designed to maintain a stable value, backed by a corresponding amount of fiat currency held in reserve by the issuer. They function as a digital means of payment, facilitating transactions and transfers within the digital economy. The issuance of e-money tokens is typically subject to specific regulatory oversight.
Context ∞ The regulation of e-money tokens is a primary focus for authorities, particularly within the European Union under the Markets in Crypto-Assets (MiCA) regulation. Debates involve establishing stringent reserve requirements, operational standards for issuers, and consumer protection measures. The current environment sees a push for clarity on how these tokens integrate into existing payment systems and banking frameworks, aiming for widespread acceptance and safe usage.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
