Glossary / E
E-money token
A MiCA crypto-asset category referring to a single official currency to maintain a stable value.
- Sheet
- 052
- Section
- Glossary
- Instrument
- Star chart
- Edition
- 12 · XI · 2026
A MiCA crypto-asset category referring to a single official currency to maintain a stable value.
What the term does and does not tell you
Identify the issuer and holder rights. EMT requirements should not be confused with a CASP’s permission to trade or hold the token. A market sale and redemption with the issuer are different processes.
Use it in the working file
Record the actual entity, asset, service and date alongside the term. A label alone is not an eligibility decision or a complete description of legal rights.
Sources & scope
Research snapshot: 12 November 2026. The dated rule, its scope and the legal entity matter. Open the primary source before acting.
- EUR-Lex: Regulation (EU) 2023/1114 — Markets in Crypto-AssetsEU legislation
- ESMA: MiCA Article 48 — e-money token issuersInteractive legal rulebook