+44 20 4577 0974

EMI (Electronic Money Institution)

EMI (Electronic Money Institution) is a legal entity that issues electronic money and provides payment services like electronic bank transfers. Electronic money means a digital equivalent of cash owned by the client. EMIs are different from banks in that they cannot lend money to individuals. EMIs are also different from PSPs, which do not issue electronic money.

Share this article on

Latest Articles

14 minutes

The Best Smart Contract Platforms of Today and How to Launch Yours
In the high-stakes world of FinTech and Web3, smart contract platforms are moving billions of dollars, executing complex supply chain logistics, and powering decentralized autonomous organizations (DAOs).
The Best Smart Contract Platforms of Today and How to Launch Yours image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
18 minutes

5 Best Jurisdictions for Launching Your Perpetual Futures Platform
Planning to launch a perps platform? It’s crucial to look at crypto friendly countries. These jurisdictions offer supportive legal frameworks, tax policies, and regulatory clarity, making them attractive for crypto trading and innovation.
5 Best Jurisdictions for Launching Your Perpetual Futures Platform image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
13 minutes

Best Countries to Set Up Crypto Spot Trading Company
Thinking of opening a crypto spot trading company? This guide compares the top jurisdictions for establishing a spot trading company, ranging from established Asian powerhouses to tax-efficient offshore hubs.
Best Countries to Set Up Crypto Spot Trading Company image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
19 minutes

Perpetual Futures (Perps) Explained and How to Start One
LegalBison have compiled a comprehensive guide to demystifying perpetual futures, exploring their mechanics, their fascinating history, and the strategic roadmap for businesses looking to enter this high-yield arena.
Perpetual Futures (Perps) Explained and How to Start One image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison