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Glossary term

Funds

What does "Funds" mean under MiCA and the AMLR?

Funds as defined in Article 4, point (25), of Directive (EU) 2015/2366:

Funds means banknotes and coins, scriptural money or electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC

Article 2, point (2), of Directive 2009/110/EC:

Electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer

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Last updated: 22 August 2026.