"The reasons that prompted public authorities to reserve deposit- taking to a specific category of institution should also apply to the issuers of electronic purses. . . . If corporations other than credit institutions were to issue electronic purses, banking regulations (and) deposit guarantee schemes would not apply."

- European Monetary Institute, 1994

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.