E-money regulations

E-money regulations govern the use and issuance of electronic money, which is a digital form of currency stored electronically. These regulations ensure that e-money providers operate safely and transparently, protecting consumers from fraud and loss. They typically require companies to obtain licenses, maintain adequate funds to back the e-money they issue, and implement measures for anti-money laundering. The goal is to ensure trust, security, and fair practices in the digital economy, allowing consumers to use e-money confidently in transactions without physical cash.