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[Blaka]

The European Central Bank (ECB) does not directly supervise Electronic Money Institutions (EMIs). Instead, EMIs operating in the European Union (EU) are primarily governed by national competent authorities, such as financial supervisory bodies in individual EU member states. The ECB has a broader role in monetary policy for the eurozone but does not possess direct regulatory power over EMIs. Supervision and regulation of EMIs in the EU are carried out at the national level, guaranteeing adherence to EU directives and standards.

 

[IB DD]

The European Central Bank might not have a direct influence on the operations of EMIs in the Eurozone but their activities like interest rates adopted would affect transaction volumes of EMIs because it would to a large extent affect the decision of individuals to keep money in EMIs or traditional banks.