Crypto-Asset Regulation · glossary
The law's word for a bank. Clients' euro must be placed at one by the end of the next business day. Only a credit institution or an electronic money institution may issue an electronic money token. Binder §4.3 · Chapter 1 · Chapter 5
Explained in Chapter 1, What a Crypto-Asset Is, and Why the State Cares, of Crypto-Asset Regulation.
First, the client sends euro from a bank account. Halcyon must place a client's euro at a credit institution (a bank) by the end of the next business day (Article 70). The account is in Halcyon's name but held for clients, apart from Halcyon's own money.Read Chapter 1, What a Crypto-Asset Is, and Why the State Cares →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Crypto-Asset Regulation and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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