The SBV also added a regulation that disallows the issuance and supply of e-money, and the use of e-money as a payment method. According to the SBV, if e-money is recognised as a legal payment method, this will violate national sovereignty on issuing currency, and negatively affect the currency policy management.
In addition, e-money could become a tool for crime, such as money laundering, drug trafficking, and tax fraud, as digital money is vulnerable to being attacked, stolen or disrupted during transaction.
