Legal regulation of electronic money
Abstract
The legal Regulation for Issuing Electronic Money (e-money) Electronic money is a creative of technological progress. It is equivalent to the widely-used conventional currency. E-money is used to refer to the digital value of money payed in advance and stored electronically either in a plastic card or in hypothetical electronic positions. It has received acceptance among users as it helps them implement many financial and trade transactions with no need to bank account. The provider of e-money is obliged to repay the real value at request. As e-money can be used for services performed by ordinary currency issued by the central bank, e-money is expected to be used, along the ordinary currency, as a means to implement may financial and trade transactions. .
References
- Second: Research1. Dr. Adnan Ibrahim Sarhan, Al-Wafa Electronic, Law Journal - Faculty of Law, University of Bahrain, First Issue, 2009.2. Dr. Waleed Khaled Attieh, Wafaa by Electronic Money - Problems and Solutions, Comparative Law Journal, Iraq Comparative Law Society, Issue 39, 2009
- Third: Laws1. Law of the Central Bank of Iraq No. (69) for the year 2004.2. The Iraqi Banks Law No. 94 of 2004.3. Law No. (88) of 2003 regarding the Central Bank and the Egyptian banking and monetary system.4. Slovenian Payments Act No. 30 of 2002.5- Supervisory controls for electronic banking operations and issuance of means of electronic money payment issued by the Egyptian Center for the year 2002.6. Jordanian Electronic Transactions Law No. 85 of 2001.