Defined term	electronic money
Source	MiCA
Reference	Article 3(1), point (44)
Status	Published
Refresh rule	Regenerate after source legal-text changes

(44) ‘electronic money’ means electronic money as defined in Article 2, point (2), of Directive 2009/110/EC;

MiCA, Article 3(1), point (44).

MiCA imports this definition from EMD2.

(2) ‘electronic 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 transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

Open EMD2 definition page

1. MiCA Article 3(1), point (44)
2. EMD2 Article 2, point (2)

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