Written by Modulr | Jul 24, 2025 11:00:00 PM
The Electronic Money Directive (EMD) and accompanying Electronic Money Regulations govern the issuance of electronic money within the EU and UK. These regulations enable licensed Electronic Money Institutions (EMIs) like Modulr to issue e-money, hold client funds and provide payment services. Post-Brexit, the UK and EU may diverge in their implementation of these rules.