ZAG

  • Which Payment Services do Crypto Custodians Provide with EMT?
    In addition to MiCAR authorization, the custody of e-money tokens generally requires a license as a payment service provider under the ZAG. Which payment services are relevant in this regard, and what alternatives do affected crypto custodians have for applying for their own license?
  • Are Stablecoins Suitable as a Means of Payment in Limited Networks?
    Stablecoins are the talk of the town. They are undoubtedly crypto assets and regulated under MiCAR. But can they also be considered monetary amounts under the ZAG in individual cases? If so, could the exception for limited networks apply to services relating to them in this case?
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