010 - Stablecoins Are Different From E-money

Dec 7, 2020

Do you think that Stablecoins are E-money? Listen, as Yana discusses what E-money and Stablecoins are and how they are used. Yana explains how most stablecoins do not meet the requirements to be called E-money and the difference between issuing E-money versus using and accepting E-money. Yana is hoping this conversation will clarify what E-money is and how Stablecoins may or may not be considered E-money, plus much more on this Compliance That Makes Sense episode. 

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Today's episode:

• [00:34] Hello, my friends, and welcome back!
• [01:22] Yana shares her new favorite activity.
• [03:19] Yana believes that all compliance professionals should use the rules of shooting a gun daily.
• [04:42] Yana shares the definition of what E-money is.
• [06:56] Yana discusses how most stablecoins do not meet the requirements of E-money.
• [08:21] She speaks about another reason stablecoins can't be called E-money.
• [11:01] If you design your product not to meet E-money conditions, does it mean it is safe?
• [12:46] Yana talks about the important distinction between issuing E-money and using and accepting E-money.
• [14:10] Yana discussing paying someone through PayPal.
• [17:05] What makes you an E-money issuer?
• [19:10] Bye for now!

Show links:

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