E-Money Directive

[1] The E-Money Directive or the electronic money directive (2009/110/EC, originally 2000/46/EC) regulates electronic payment systems in the European Union.

The aim is to enable new and secure electronic money services and to foster effective competition between all market participants.

As per Article 2(2) of Directive 2009/110/EC, “e-money” means “electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transaction, and which is accepted by a natural or legal person other than the electronic money issuer”. Prepaid cards and electronic wallets are examples of electronic money.[2]

See also

References
  1. السريحي, بركات (December 2016). "LAS VEGAS SANDS CORP., a Nevada corporation, Plaintiff, v. UKNOWN REGISTRANTS OF www.wn0000.com, www.wn1111.com, www.wn2222.com, www.wn3333.com, www.wn4444.com, www.wn5555.com, www.wn6666.com, www.wn7777.com, www.wn8888.com, www.wn9999.com, www.112211.com, www.4456888.com, www.4489888.com, www.001148.com, and www.2289888.com, Defendants". Gaming Law Review and Economics. 20 (10): 859–868. doi:10.1089/glre.2016.201011. ISSN 1097-5349.
  2. https://www.buckinghamcapitalconsulting.com/authorised-emi-uk


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