Mum, what’s a ‘coin’?
13 September 2012
Legal column
Electronic money is far from commonplace, but two new EU Directives will help ensure that when consumers catch on, they won’t be caught out
Late in 2000, in response to concerns about gaps in existing regulation, the European Parliament adopted two Directives on electronic money (or ‘e-money’). Directive 2000/46/EC and Directive 2000/28/EC (amending Directive 2000/12/EC) were implemented in April 2002 and seek to impose a regime that evens out the differences between the various types of e-money issuers...