Policy Work
05 March 2024

Joint Industry Letter on Application of PSD provisions to EMTs as defined under the MiCA Regulation

Together with other associations, we published a joint letter to urge the European Commission to clarify the application of the Payment Services Directive1 (PSD), to electronic money tokens (EMT) and EMT services, which is anticipated by the MiCA Regulation2 (MiCA) to apply in June 2024. To this end, we stand ready to participate in a joint government-industry working group to develop a tailored means of achieving regulatory clarity.