Regulatory Alerts2026-04-24
E-Money Act 2010 (EGeldG)
The Austrian Federal Act on the Issuance of Electronic Money regulates the licensing, supervision, and operational requirements for electronic money institutions. It mandates that the Financial Market Authority grant licenses to entities issuing electronic money while ensuring the safeguarding of customer funds and adherence to capital adequacy standards. The legislation also defines the scope of electronic money, establishes rules for redemption and insolvency, and outlines supervisory powers and international cooperation mechanisms.
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