Payment services, fintech, and cryptoassets

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Payment services

Practice Notes

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EU regulation of digital assets from a payments and e-money perspective—this Practice Note focuses on the EU regulation of digital assets (including cryptoassets and stablecoins) from a payments perspective. It discusses whether particular cryptoassets are subject to the second Electronic Money Directive (Directive 2009/110/EC) (2EMD) and/or the recast Payment Services Directive (Directive 2015/2366/EU) (PSD2). It also discusses the approach the EU authorities have taken to the regulation of stablecoins
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EU Payment Accounts Directive—the Payment Accounts Directive (Directive 2014/92/EU) (PAD) is intended to enhance transparency and comparability for consumers in respect of payment accounts. The PAD makes it easier for consumers to compare fees charged by banks and other service providers across the EU, facilitates consumer switching of payment accounts and entitles all EU consumers to open a payment account that enables them to perform essential functions such as receiving their salary and paying bills. This Practice Note provides a background to, and gives an overview of, the provisions of the PAD and the technical standards and guidelines

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