Payment Services Directive

Definition ∞ The Payment Services Directive is a European Union regulation designed to standardize and simplify payment services across member states. PSD2, an updated version, specifically mandates banks to open customer account data to authorized third-party providers. This initiative promotes competition and consumer protection within the payment industry.
Context ∞ The implications of the Payment Services Directive (PSD2) for digital asset payments and blockchain-based financial services are a growing area of regulatory discussion. Regulators are assessing how existing payment directives apply to novel decentralized payment systems. The ongoing debate concerns whether crypto service providers fall under the scope of traditional payment regulations.

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→Fraud Liability Shift

→EU Financial Legislation

→Payment Services Directive

EU Legislators Agree Payment Services Regulation Shifting Fraud Liability

The EU's new payment framework shifts fraud liability to Payment Service Providers, mandating immediate system overhauls for all digital asset payment rails.

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→E-Money Tokens

→Stablecoin Compliance

→Regulatory Burden

European Banking Authority Confirms MiCA Stablecoin Dual Licensing Mandate

EBA guidance mandates dual MiCA and PSD2 licensing for e-money token services, escalating compliance costs by March 2026.

The image displays a complex, futuristic mechanical structure composed of interlocking white and dark grey modules. Vibrant blue light emanates from transparent internal components, suggesting active data processing within a distributed ledger technology framework. A central metallic shaft connects sections, symbolizing interoperability between network nodes. This intricate protocol architecture visualizes the computational intensity of transaction validation and smart contract execution, highlighting the underlying consensus mechanism powering digital asset transfers and decentralized finance operations.

→Payment Services Directive

→Markets in Crypto-Assets

→Transfer Services

EBA Confirms MiCA and PSD2 Dual Licensing for EU Stablecoin Services

The EBA's clarification mandates dual licensing for e-money token services, introducing significant operational friction and double capital requirements by March 2026.

→Stablecoin Regulation

→Payment Institution

→Legal Clarity

European Banking Authority Mandates Dual Licensing for Stablecoin Services

The EBA's MiCA-PSD2 overlap clarification imposes dual regulatory compliance, structurally doubling capital requirements for EU e-money token issuers.