Digital wallet
Finance, Capital Markets, Enforcement and Compliance
A digital wallet is an electronic device, online service or application in which information on a payment account or a payment instrument such as a card is stored and which enables payments to be made with that information. The Central Bank’s payment services regulation defines it as a payment instrument and reserves this service for authorized payment service providers. A wallet used for crypto-assets, by contrast, is separately defined in the Capital Markets Law and is subject to different rules.
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