Definition ∞ Electronic Money Institutions are financial entities authorized to issue electronic money and provide payment services, often regulated by national or supranational authorities. These institutions facilitate transactions using digital representations of fiat currency, distinct from traditional banks. In some jurisdictions, they may interact with or provide services related to stablecoins or other digital assets. They play a role in the broader digital payments ecosystem.
Context ∞ News often reports on the regulatory landscape surrounding Electronic Money Institutions, particularly concerning their involvement with cryptocurrencies. Jurisdictions like the UK and EU have specific frameworks governing these entities. The distinction between EMIs and crypto asset service providers is a frequent topic in regulatory discussions.
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