Finally, while the market function of EMTs can be comparable to that of e-money, their technology is like other tokens. So far, the EU has been flip-flopping on technology neutrality. For anti-money laundering purposes, because of their underlying technology, EMTs are treated differently from e-money. But in June the Commission will suggest that EMTs should offer the same consumer protections as e-money, including reversible payments, despite their underlying technology.
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