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Financial institutions involved in electronic money transactions have the potential to engage in government programs, such as projects related to digital currencies, based on the regulatory structures in place. Certain governments work together with private organizations, including these financial institutions, to create and execute initiatives related to digital currencies. Nevertheless, participation in such endeavors is contingent upon obtaining regulatory consent, complying with governmental regulations, and meeting legal obligations. Should EMIs express interest in collaborating with governmental projects, it is imperative for them to carefully navigate the unique regulatory environment of each jurisdiction to ascertain their qualifications and actively contribute to the ever-evolving landscape of digital currencies.
