eMoney Domains

[Levi_charlz]

The U.K. Financial Conduct Authority (FCA), which oversees the banking and finance industry, released its guidance on cryptocurrencies published its final guidance in PS19/22 on 31 July 2019.

The FCA has included a new category of regulated tokens that constitute e-money, “e-money tokens”. rather than including e-money tokens within the utility tokens category. This provides a clearer distinction between regulated security tokens and e-money tokens on the one hand, and unregulated tokens (utility tokens and exchange tokens that do not fall within the above categories) on the other.

Lots of eMoney domains to be had out there.

Happy hunting Domainers

 

[Levi_charlz]

IDEX to list new MMU-pegged Anchor stablecoin

https://coinrivet.com/idex-to-list-new-mmu-pegged-anchor-stablecoin

 

[Levi_charlz]

If the EU adopt the FCA’s categorisation for Libra it could be payday for many eMoney dn hodlers

EU member states to look into Facebook’s controversial Libra

Regulators and decision-makers are trying to see whether Libra could be categorised as a virtual currency, a financial instrument or
e-money.

https://www.euractiv.com/section/ec...s-to-look-into-facebooks-controversial-libra/

 

[Levi_charlz]

UK Financial Watchdog Gives Green Light to E-money Tokens

‘For the first time, the Guidance establishes a brand new category of cryptoassets — e-money tokens. Notably, many industry players proposed to introduce such a category during consultations, which evidently demonstrates that the demand for the e-money based on the DLT technology is huge.’


https://legalnodes.org/blog/UK-financial-watchdog-gives-green-light-to-e-money-tokens/

 

[lock]

Not one mention of emoney on document but you got them all buying into it.

 

[NickB]

On document token mentioned.

If you look up the FCA guidelines and look into the European Commission Directives for "E-Money" you will see it mentioned quite a bit......

 

[Levi_charlz]

Thanks for these informations. There are circulating so many news, reports and speculations about new crypto currencies, blockchains, tokens that some of us must have spent a fortune on it.

If your eMoneyTokens are becoming a category killer then you are the Category Killer Godfather for sure.

I felt inspired and found eMTs.uk available. I am curious if the Brits will chase me off their island after Brexit being a non-UK registrant.

Thanks,

We are a whisker away from regulatory clarity.

When the FCA clarifies exactly which tokens fall into the regulated category ‘eMoney Tokens’ then I’ll know for sure. But contenders so far are Facebooks Libra and Central Bank Digital Currencies like China’s Digital Yuan.

It could be a serious category killer.

 

[Levi_charlz]

A piece of advice here
If you like it, just renew 5 years ahead and move on to diversify your portfolio with other niches
This advice is based on sweat and blood

You read my mind

 

[Levi_charlz]

Another great example of how exact match domains are great for SEO.

eMoneyTokens.co.uk already holds a page 1 Google position for search ‘eMoney Tokens’ after only 1 month.

 

[Levi_charlz]

Google Payment Has Been Given An E-Money License To Operate In The EU

https://wersm.com/google-given-payment-license-to-operate-in-eu/

 

[Levi_charlz]

Stripe valued at $35bn after raising an additional $250m

The company, which is headquartered in Silicon Valley, earlier this year announced plans to create hundreds of additional engineering jobs in Dublin after securing an
e-money licence from the Central Bank.

https://www.irishtimes.com/business...bn-after-raising-an-additional-250m-1.4024098

 

[Levi_charlz]

What Does Alipay's New EU-License Mean For Banks?

Two big pieces of news for Alipay have been announced within the past fortnight. The first is that the Chinese payments giant have been granted an e-money license in Luxembourg

The second, that the use of mobile payments amongst Chinese tourists abroad has overtaken that of cash

https://www.forbes.com/sites/daniel...t-does-alipays-new-eu-license-mean-for-banks/

 

[Levi_charlz]

Huge news!

Tradeshift Frontiers and Monerium Settle the World’s First Invoice With Smart Contracts and Licensed Digital Cash

“Programmable money regulated by governments will become the foundation for e-commerce payments because they enable so called ‘smart contracts.’

The transaction is in line with predictions made recently by Gartner, the International Monetary Fund (IMF) and World Economic Forum (WEF). Gartner predicts that blockchain and smart contracts will have transformative impact on a 2-5 year horizon (“Hype Cycle for Multienterprise Solutions”). IMF foresees blockchain-based forms of e-money enabling “seamless payment of automated transactions” and substantial efficiency gains from back-office tasks (“The Rise of Digital Money”). Last but not least, WEF projects that 10% of global gross domestic product will be stored on blockchain technology by 2027

“As the first company authorized to issue e-money on blockchains, we are delighted to demonstrate the benefits of blockchains for mainstream B2B transactions using a legal form of digital money,” said Sveinn Valfells, co-founder and CEO of Monerium. “Unlike cryptocurrency which is volatile, e-money is a proven digital alternative to cash, regulated and redeemable on demand. Using programmable e-money in smart contracts heralds a new category of payments.”

“With a ‘smart invoice’ we can issue tokens that represent the future cash flow down to each dollar on the invoice. Whoever holds tokens will get paid upon due date, which makes smart invoices ideal to use for financial-services apps,” said Sylvest.

With Smart Invoices, short-term credit to small and large companies can be delivered automatically.

Sylvest continued, “if you sell the tokens back to the buyer, you basically have dynamic discounting. If you sell them off to a financier, you have Supply Chain Finance. If you use them as collateral in order to provide finance to sub-suppliers, you have what some call ‘Deep Tier Finance’

https://www.businesswire.com/news/h...ontiers-Monerium-Settle-World’s-Invoice-Smart

 

[Levi_charlz]

The CEO of EURS, Gregory Klumov decided to create a euro-backed stablecoin after seeing Tether gain traction:

“I always wanted to create some competitor to the US dollar and simplifying the reach for the underlying currency, the Euro, makes a lot of sense macro-wise. US regulators do not segregate digital assets from existing buckets they already regulate (ie commodities, securities, MSBs). But Europe’s regulators treat the asset class more competitively and I foresee that they will adjust existing e-money regulation to include stablecoins. It was developed 20 years ago and is becoming obsolete because of blockchain technology. In my view, stablecoins should be seen as e-money 2.0.”

https://cointelegraph.com/news/fiat-backed-stablecoins-attempt-to-take-the-best-of-both-worlds

 

[Levi_charlz]

Another regulatory body identifies Fiat pegged Cryptocurrencies as eMoney Tokens.

Germany’s BaFin publishes new guidance notice on crypto token regulation

it is the design of a token which is the basis for regulatory requirements:

• Token sold in exchange for fiat money that embody a claim against the issuer and are accepted by third parties as a means of payment, likely constitute e-money.


Https://www.lexology.com/library/detail.aspx?g=0197bb8a-0818-4866-9bab-ad29b4256a4c

 

[Levi_charlz]

Germany’s federal finance minister has come out in support of digitizing the euro

Minister Olaf Scholz said “an e-Euro would be good for Europe’s financial system, particularly in the wake of economic globalization”

https://www.coindesk.com/german-finance-minister-supports-digital-euro-but-very-critical-of-libra

 

[Levi_charlz]

The FOC Project - An Innovative Financial System Integrating Banking, Exchanges and Payments Services

The XFOC blockchain can support the function of e-money or provide an alternative to credit cards.

https://coincodex.com/article/5521/...ting-banking-exchanges-and-payments-services/

 

[Levi_charlz]

Latest Regs

emoneytokens.zil
emoneytokens.crypto

 

[Levi_charlz]

Money: It’s Going Digital Faster Than Anybody Thought

https://www.forbes.com/sites/enriquedans/2019/10/21/money-its-going-digital-faster-than-anybodythought

Bermuda joins Iceland and a select band of countries to approve emoney institutions (lwhich will be authorized to issue electronic money anchored to the value of their currencies

 

[gtldomainer]

Facebook has what reputation ..

"The Libra project has made it clear that electronic money is the future and that it is better for it to be regulated by governments, than a de facto privatization run for example by a company with such a terrible reputation as Facebook."

 

[Levi_charlz]

IBM, Intel, J.P. Morgan and Microsoft join others on new blockchain token spec

A business consortium led by the Enterprise Ethereum Alliance said their new blockchain-based token specification can create regulatory compliant digital currency for use in any number of scenarios.

Adhara and ioBuilders created an E-Money token standard that is now a TTF token draft spec and an electronic money standard that enables the use of fiat money on blockchain. The token standard includes multiple extentions commonly used in finance, such as holds (EIP-1996), clearance (EIP-2018), detailed compliance (EIP-2009), funding orders (EIP-2019), and payout orders (EIP-2021).

For example, one version of Adhara and ioBuilders' token was used for cross border remittances by Union Bank of the Philippines. The money transfers were performed in partnership with Singapore-based OCBC Bank using the Adhara liquidity management and international payments platform.

Adhara's Faura said tokenized money eventually transform existing financial systems.

"Tokenized money is essentially implementing regulated money in a bank or electronic money transfer industry or a central bank... but doing that on top of smart contracts on a blockchain construct," he said. "There's also the possibility to put that money on hold...while you do a financial process such as clearance of payments like paying for securities.

"It's just a bank using another technology to issue money," Faura added. "And, we don't need a new regulatory framework to do that."

https://www.computerworld.com/artic...join-others-on-new-blockchain-token-spec.html

 

[Grego85]

is ecoin.network any good?

 

[Levi_charlz]

Microsoft To Help Enterprises Mint Their Own Ethereum Tokens

'It is important to note that most Azure Blockchain Tokens are very different from bitcoin—which gets its value on an open market—in spite of relying on some similar technology. For example, the emoney token based on the Token Taxonomy Framework (TTF), also released today, will likely only have value based on its underlying assets, similar to the libra cryptocurrency being developed by Facebook'

https://www.forbes.com/sites/michae...p-enterprises-mint-their-own-ethereum-tokens/

 

[Levi_charlz]

‪Tunisia Issues Electronic Central Bank Currency E-Dinar

Tunisia appears to have beaten everyone in the issuance ‘horse race’.

https://www.chipin.com/digital-dinar-tunisia-issues-electronic-central-bank-currency-e-dinar/‬

 

[Levi_charlz]

Carney: Digital currencies could counter the destabilising influence of the US dollar

Carney references Facebook's Libra - a new payments infrastructure based on an international stablecoin fully backed by reserve assets in a basket of currencies including the US dollar, the euro, and sterling - as an example of an alternative to the current monetary hegemony.

https://www.finextra.com/newsarticl...stabilising-influence-of-the-us-dollar/retail

 

[NickB]

First offer just landed for my eMoney Tokens dn. S**ts getting serious

What was the offer if you don't mind sharing?