Crypto-Asset Regulation · glossary
The market's word for a token that claims a stable value. MiCA does not use it. A token pegged to one currency is an electronic money token, and one referencing anything else is an asset-referenced token. Definition: EMT · Definition: ART · Chapter 2 · Chapter 5
Explained in Chapter 2, The Map of MiCA, of Crypto-Asset Regulation.
On a ledger, e-money becomes an electronic money token (EMT): a token that references one official currency. The market calls it a stablecoin.Read Chapter 5, Custody, Client Money and the Stablecoin Question →
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.
a crypto-asset that claims to keep a stable value by referencing one official currency, such as the euro (Article 3(1)(7)); only a credit institution or an electronic money institution may issue one (Article 48);Read the definition in the document →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Crypto-Asset Regulation → · All terms A–Z →