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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 29 June 2023 - 29 June 2024
  Version 2 of 3  

Article 50 Prohibition of granting interest

1. Notwithstanding Article 12 of Directive 2009/110/EC, issuers of e-money tokens shall not grant interest in relation to e-money tokens.

2. Crypto-asset service providers shall not grant interest when providing crypto-asset services related to e-money tokens.

3. For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of an e-money token holds such e-money token shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of the e-money token, directly from the issuer or from third parties, and directly associated to the e-money token or from the remuneration or pricing of other products.

Comparing proposed amendment...