"basic Principles and Future of Electronic Money"
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چکیده
Electronic money (hereafter e-money) is recently developed phenomenon, and its technical, legal, economic and cultural components are not completely developed yet. In both aspects a great number of attempts are being developed and tested in different stages, in different legislations. Even though getting widespread attention, emoney has not gained enough acceptances because of the hesitation whether it would be successful or not. Particularly, it is neglected in terms of legal provisions in many countries. Most of the European countries have failed to understand its new technologies except some (United Kingdom and Austria) where there are regulatory frameworks for e-money (LELIEVELDT:2).
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