publication . Article . 2016

Economic and Legal Aspects of Electronic Money

Otakar Schlossberger;
Open Access English
  • Published: 01 Jun 2016 Journal: ACTA VŠFS (issn: 1802-792X, eissn: 1802-7946, Copyright policy)
  • Publisher: University of Finance and Administration
Abstract
The term “electronic money” first appeared in Czech legislation in 2002 as the result of the transposition of legislation into the Czech Republic’s legal system in anticipation of the country’s accession to the European Union. This term subsequently reappeared in 2009 during the recodification of the legal regulation of payment services, payment systems and electronic money. At this time, the definition was subjected to certain changes which continue to exert a significant influence on current practice with respect to the issuance and subsequent use of electronic money. This paper addresses the term “virtual money” and considers the mutual relationships between ...
Subjects
free text keywords: electronic money, virtual money, issuer of electronic money, payment card, regulation, emission, monetary base, money supply, Economics as a science, HB71-74
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ACTA VŠFS
Article . 2016
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