Should e-money be a universal medium of exchange?
Payment systems regulatory law has recognized three types of money so far: cash (banknotes and coins), scriptural money…
The e-money business | FinTech online course #4
E-money transactions are defined as the issuance of electronic money. It is therefore essential to know what e-money…
PayTechTalk 58 – Deposit business | FinTech online course #12
Payment institutions and e-money institutions collect funds from their customers and hold these funds – sometimes for longer…
101 on how to distinguish between crypto assets and e-money
Crypto assets and e-money are very similar. Both are usually issued by private entities and serve as a…
Is Libra e-money?
Is Libra e-money or rather a virtual currency? Since Libra is based on blockchain technology, it would stand…
PayTechTalk 35 – About BaFin’s Instructions for the Interpretation and Application of the German Anti-Money Laundering Act (IIA)
The instructions for the interpretation and application (IIA) of the German Federal Financial Supervisory Authority (BaFin) on the…
Ephemeral e-money
E-money is booming, at least in Europe. Never before have the central banks counted as many e-money transactions…
KYC and the distribution of e-money: Do I have to or not? Section 25i para. 2 German Banking Act (KWG)
The German legislator transposed the requirements of the 4th EU Anti-Money Laundering Directive (AMLD 4) into German law…
E-Money Institutions in the EU
Ranking: Commission report highlights the unequal distribution of e-money institutions in the EU
PayTechTalk 10 – PayTechLaw authors Frank and Peter explain the new MaRisk
On the 27th of October 2017 BaFin published new minimum requirements for risk management (MaRisk) in its new…
PayTechTalk 9 – The lingering death of electronic money
What exactly is electronic money? What can one use it for? Do purchasers of electronic money have to…
AML and PSD2 – The End of E-Money?
Full KYC and e-money business are not best friends. However, the obligation to apply SCA to e-money transactions under PSD2 could be a deathblow.